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11-02-2020
Business

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A consumer's willingness to trade one good for another can be expressed by the consumer's marginal rate of substitution. True False

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LODZYBELLS LODZYBELLS

11-02-2020

Answer:

TRUE

Explanation:

A consumer's marginal rate of substitution (MRS) can be defined as the number or amount of goods that he/she is willing to trade for another in other to gain maximum satisfaction of the goods.

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