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Read the following statements about the marginal rate of substitution (MRS) and ...

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Read the following statements about the marginal rate of substitution (MRS) and select the correct two.

The slope of the indifference curve.

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The ratio of the amounts of the two goods at a point on the indifference curve.

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The amount of one good that the consumer is willing to trade for one unit of the other.

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The change in the consumer’s utility when one good is substituted for another.

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