The price of Y is $10.
-The marginal rate of substitution of X for Y at point C is:
A) 5
B) 2
C) 0.5
D) 0.3
E) none of the above

Question

The price of Y is $10.
-The marginal rate of substitution of X for Y at point C is:
A) 5 
B) 2 
C) 0.5 
D) 0.3 
E) none of the above

Quizplus · Accepted Answer

The marginal rate of substitution (MRS) is typically determined by the slope of the indifference curve at a given point. Without specific information about the slope or the utility function at point C, we cannot determine the MRS from the given options.

The Price of Y Is $10