-The above figure shows Jane's budget line and two of her indifference curves. When Jane is consuming at her best affordable point, what is her marginal rate of substitution?
A) 0.5 lobster dinners per steak dinner
B) 0.33 lobster dinners per steak dinner
C) 1.0 lobster dinner per steak dinner
D) 2.0 lobster dinners per steak dinner

Question

-The above figure shows Jane's budget line and two of her indifference curves. When Jane is consuming at her best affordable point, what is her marginal rate of substitution?
A) 0.5 lobster dinners per steak dinner 
B) 0.33 lobster dinners per steak dinner 
C) 1.0 lobster dinner per steak dinner 
D) 2.0 lobster dinners per steak dinner

Quizplus · Accepted Answer

The Answer of 
-The above figure shows Jane's budget line and two of her indifference curves. When Jane is consuming at her best affordable point, what is her marginal rate of substitution?
A) 0.5 lobster dinners per steak dinner 
B) 0.33 lobster dinners per steak dinner 
C) 1.0 lobster dinner per steak dinner 
D) 2.0 lobster dinners per steak dinner

-The Above Figure Shows Jane's Budget Line and Two of Her