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Microeconomics Questions

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Running Head: MICROECONOMICS QUESTIONS 1
Microeconomics Questions
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Running Head: MICROECONOMICS QUESTIONS Microeconomics Questions Student Name Professor Name Course Title Date 1 MICROECONOMIC QUESTIONS Question 1 Consumer demand i. The optimal consumption under the original Budget line B1 is at point A. The slope of the indifference curve is the marginal rate of substitution, it measures he rate at which the consumer is willing to substitute one good for another. In this case it is the rate of substitution of good x and y. The point of tangency between the budget line and the indifference curve shows the optimal consumption in the original budget line. ...
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