Suppose Timothy consumes two goods, soda and chips. The slope of his indifference curve for these

Suppose Timothy consumes two goods, soda and chips. The slope of his indifference curve for these

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 Suppose Timothy consumes two goods, soda and chips. The slope of his indifference curve for these two goods reflects:

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the rate at which he is willing to substitute one good for the other.

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the total utility he gets from the consumption of the two goods.

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the relative price of soda.

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the relative price of chips.

 
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