Economy, asked by fantasy154girl, 7 months ago

Q9 a) Explain with the help of a hypothetical numerical example the assumption of diminishing
marginal rate of substitution under the ordinal approach of theory of consumer's
behavior.
b) Why should marginal rate of substitution diminish for a stable consumer's equilibrium?
for the Indifference Curves. Give valid reasons
plz right answer should be there it's my exam​

Answers

Answered by SHUBHAM292009
5

Answer:

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Answered by jatinshimar819
1

Answer:

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