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The slope of the indifference curve is also referred to as _______

The slope of the indifference curve is also referred to as _______

Marginal Rate of Technical Substitution

—>> Marginal Rate of Substitution

Marginal Utility

Ordinal Utility

Related posts:

  1. A market situation whereby there is only a single firm providing all factors employment is referred to as ________
  2. Utility is defined as the __________
  3. In a perfectly competitive market, an individual firm cannot influence the market price of a factor by increasing or decreasing _______
  4. Monopsony is a market situation in which there is only one ______ of the factors of production

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