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Unformatted text preview: t;y" to get an extra "x" the more "x" they have
give up more "y" to get an extra "x" the less "x" they have
settle for less of both "x" and "y"
acquire more "x" only if they do not have to give up any "y"
An individual's demand curve for a good can be derived by measuring the quantities selected as
the price of the good changes
the price of substitute goods changes
All of the above
Suppose MPL= 0.5*(q/L) and MPK=...
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This document was uploaded on 01/25/2014.
- Winter '14