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The marginal rate of transformation of y for x represents

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The marginal rate of transformation of y for x represents

The marginal rate of transformation of y for x represents
A) the slope of the budget constraint.
B) the rate at which the consumer must give up y to get one more x.
C) -Px/Py.
D) All of the above.

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Microeconomics

Edition: 6^th

Author: Perloff

Read 62 times

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