Re: JNU 1997-2001 Doubts

Posted by Anjali on May 10, 2014; 9:45am
URL: http://discussion-forum.276.s1.nabble.com/JNU-1997-2001-Doubts-tp7589058p7589284.html

Tsuki for 14 th
MRS=0.6
And the price ratio = 0.56
MRS is greater which means budget line will be flatter , so definitely just x1
But here the difference ( 0.6 and 0.56 ) is very marginal , so can't we ignore it ? Can't we not take the case where infinite bundles are possible ?