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Introduction to Economics 1
INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi The Theory of Consumer Choice soru cevapları
INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi The Theory of Consumer Choice soru detayı:
SORU:
How do indeferrence curves depict consumer preferences?
CEVAP:
Indifference curves are downward sloping and cannot intersect one another. Consumer preferences can be completely described by an indifference map. The marginal rate of substitution of good X for good Y is the maximum amount of Y that a person is willing to give up to obtaining one additional unit of X.