Economy, asked by pg778924, 9 months ago

Explain slope or rate of IC​

Answers

Answered by sachinpoolu
3

Answer:

The slope of the indifference curve is the marginal rate of substitution (MRS). The MRS is the amount of a good that a consumer is willing to give up for a unit of another good, without any change in utility. ... This means that the maximum amount of movies José is willing to give up to get one T-shirt is 2.

Explanation:

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