Business, 27.07.2019 18:00 alicianaylor11110
Abudget constraint: a. shows the combinations of consumption bundles that give the consumer the same utility. b. indicates the limited amount of income available to consumers to spend on goods and services. c. shows the rate at which a consumer would be willing to trade off one good for another. d. shows the change in total utility a consumer receives from consuming one additional unit of a good or service. e. indicates the marginal rate of substitution.
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Abudget constraint: a. shows the combinations of consumption bundles that give the consumer the sam...
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