Economy, asked by lokeshyadav39, 7 months ago

The Ratio Of Exchange Between Two Goods In Indifference Curve Analysis Is Shown By

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Answered by Anonymous

Explanation:

A budget line shows combinations oftwo goods a consumer is able to consume, given a budget constraint. ... At the utility-maximizing solution, the consumer's marginal rate of substitution (the absolute value of the slope of the indifference curve) is equal to the price ratio of the two goods.

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