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18. Consumer Choice and Behavioral Economics
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Problem 14
18. Consumer Choice and Behavioral Economics
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18. Consumer Choice and Behavioral Economics / Indifference Curves / Problem 6
Problem 6
What does the slope of an indifference curve represent?
A
The total utility derived from a good.
B
The marginal rate of substitution between two goods.
C
The price ratio of two goods.
D
The consumer's budget constraint.
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