When economic efficiency has been achieved, the marginal rate of substitution between any pair of goods

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    is higher for the goods that require more resources to produce.
     is lower for goods that require fewer resources to produce.
     varies according to the relative value consumers place on different goods.
     are equal and the same for all consumers.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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are equal and the same for all consumers.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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