Refer to the following figure:

The consumer's income is $800.
-What is the consumer's marginal rate of substitution in equilibrium?
A) 1.5
B) 2
C) 2.5
D) 0.8
E) unable to tell from information given

Question

Refer to the following figure:
  
The consumer's income is $800.
-What is the consumer's marginal rate of substitution in equilibrium?
A) 1.5 
B) 2 
C) 2.5 
D) 0.8 
E) unable to tell from information given

Quizplus · Accepted Answer

The Answer of Refer to the following figure:
  
The consumer's income is $800.
-What is the consumer's marginal rate of substitution in equilibrium?
A) 1.5 
B) 2 
C) 2.5 
D) 0.8 
E) unable to tell from information given

Refer to the Following Figure