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Marginal rate of substitution

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Reference no: EM132189771

Let's suppose Carl loves hamburgers and slices of pizza, but he insists on eating exactly 2 hamburgers for every slice of pizza he eats.

what does this tell you about the shape of Carl's indifference curves? If the hamburgers are on the y axis and slices of pizza ar on the x-axis what is carl's marginal rate of substitution (MRS)?

Reference no: EM132189771

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