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प्रश्न
State whether true or false:
Marginal rate of substitution indicates the slope of budget line.
चूक किंवा बरोबर
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उत्तर
This statement is false.
Reason:
- The marginal rate of substitution indicates the slope of an indifference curve.
- The price ratio, or market rate of exchange, indicates the slope of the budget line.
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