Draw the opportunity set of a consumer with an income

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Reference no: EM13742049

Draw the opportunity set of a consumer with an income of $1200 who faces prices of Px = 10 and Py = 5. What is the market rate of substitution between the two goods?

Reference no: EM13742049

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Draw the opportunity set of a consumer with an income : Draw the opportunity set of a consumer with an income of $1200 who faces prices of Px = 10 and Py = 5. What is the market rate of substitution between the two goods?

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