Social Studies
Social Studies, 21.09.2019 02:30, jvsome8

Abudget constraint: a. indicates the marginal rate of substitution. b. indicates the limited amount of income available to consumers to spend on goods and services. c. shows the rate at which a consumer would be willing to trade off one good for another. d. shows the combinations of consumption bundles that give the consumer the same utility. e. shows the change in total utility a consumer receives from consuming one additional unit of a good or service.

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