The ________________________ of X for Y in Consumption Refers to the Amount

question 34

Multiple Choice

The ________________________ of X for Y in consumption refers to the amount of Y that a nation is willing to give up to consume an additional unit of X and remain on the same indifference curve.

• A)marginal cost
• B)production frontier
• C)marginal rate of substitution (MRS)
• D)marginal rate of transformation (MRT)

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