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How the marginal rate of substitution must be related

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Question

Explain how the Marginal Rate of Substitution (MRS) and the Marginal Rate of Transformation (MRT) must be related to each other at the optimal choice, and why ?

The response paper should be in APA format, double spaced, hand-written, numbered pages, with a cover page and references.

Reference no: EM132364226

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