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Tags
#cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4

Question
Warren’s indifference curve is steeper at point a than is Smith’s. This means that Warren’s MRSBW is [...] than Smith’s MRSBW.
Answer
greater

Tags
#cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4

Question
Warren’s indifference curve is steeper at point a than is Smith’s. This means that Warren’s MRSBW is [...] than Smith’s MRSBW.
Answer
?

Tags
#cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4

Question
Warren’s indifference curve is steeper at point a than is Smith’s. This means that Warren’s MRSBW is [...] than Smith’s MRSBW.
Answer
greater
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Warren’s indifference curve is steeper at point a than is Smith’s. This means that Warren’s MRS BW is greater than Smith’s MRS BW .

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