The slope of a budget constraint is the ldquorate of, Ask an Expert

Economics

The slope of a budget constraint is the “rate of exchange” in the market. What is the slope of an indifference curve? a. The marginal utility of the product being purchased and consumed. b. The relative marginal consumption value. c. The opportunity cost of one good in terms of the other. d. The dollar value of the good on the vertical axis.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707643

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