Graph 22-6

-Refer to Graph 22-6. Assume that the consumer depicted in the graph has an income of $40. The price of Skittles is $4 and the price of M&Ms is $8. This consumer will choose a consumption bundle where the marginal rate of substitution is:
A)2.
B)1/2
C) 1/3
D) 2/3

Question

Graph 22-6
 
-Refer to Graph 22-6. Assume that the consumer depicted in the graph has an income of $40. The price of Skittles is $4 and the price of M&Ms is $8. This consumer will choose a consumption bundle where the marginal rate of substitution is:
A)2. 
B)1/2 
C) 1/3 
D) 2/3

Quizplus · Accepted Answer

The Answer of Graph 22-6
 
-Refer to Graph 22-6. Assume that the consumer depicted in the graph has an income of $40. The price of Skittles is $4 and the price of M&Ms is $8. This consumer will choose a consumption bundle where the marginal rate of substitution is:
A)2. 
B)1/2 
C) 1/3 
D) 2/3

Graph 22-6 -Refer to Graph 22-6. Assume That the Consumer Depicted in the Consumer