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.
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.
?

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.
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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