Answer:
Yes MRS is a measure of slope of Budget line
Explanation:
MRS is Px / Py
and MRS is the slope of indifference curve and Px / Py is the slope of Budget line
hence MRS represents the slope of Budget line
Copyright © 2024 EHUB.TIPS team's - All rights reserved.
Answers & Comments
Answer:
Yes MRS is a measure of slope of Budget line
Explanation:
MRS is Px / Py
and MRS is the slope of indifference curve and Px / Py is the slope of Budget line
hence MRS represents the slope of Budget line