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What is the mrs at any point if x is a neutral good

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Reference no: EM13870929

1. What is the MRS at any point if x is a neutral good? Explain why.

2. If the good on the y axis was a neutral good and the other good was a regular good, then what would the indifference map look like? Use Word's Drawing Tools to draw a graph of this situation.

1866_An Indifference Map.png

Reference no: EM13870929

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