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Tags
#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
Question
The marginal rate of substitution is the rate at which the consumer is 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 [...] that she must pay.
Answer
the opportunity cost
Tags
#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
Question
The marginal rate of substitution is the rate at which the consumer is 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 [...] that she must pay.
Answer
?
Tags
#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
Question
The marginal rate of substitution is the rate at which the consumer is 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 [...] that she must pay.
Answer
the opportunity cost
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tion 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 <span>the opportunity cost that she must pay.<span><body><html>
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tion 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 <span>the opportunity cost that she must pay.<span><body><html>
Summary
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition or drill |
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