Class Notes (835,926)
United States (324,289)
Economics (213)
ECON-UA 1 (101)
Lecture

Day09
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Department
Economics
Course
ECON-UA 1
Professor
Marc Lieberman
Semester
Fall

Description
Day 9 342014Slope of indifference curve at any point is called the Marginal Rate of Substitution MRSIndifference curves cannot intersectthis is a really common mistake people makeBudget line or constraintTradeoff in affordabilitySlope QQ MRBudget change
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