Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.
#4-3-the-investment-opportunity-set #cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-5-consumer-equilibrium #study-session-4
At a tangency point, the two curves have the same slope, meaning that the MRSBW must be equal to the price ratio, PB/PW. Recall that the marginal rate of substitution is the rate at which the consumer is just willing to sacrifice wine for bread. Additionally, the price ratio is the rate at which she must sacrifice wine for another slice of bread. So, at equilibrium, the consumer is just willing to pay the opportunity cost that she must pay.
If you want to change selection, open original toplevel document below and click on "Move attachment"
Summary
| status | not read | reprioritisations | ||
|---|---|---|---|---|
| last reprioritisation on | suggested re-reading day | |||
| started reading on | finished reading on |
Details
Discussion
Do you want to join discussion? Click here to log in or create user.