Figure: Consumer Equilibrium I The figure shows three of Owen's indifference curves for pizza and soda per week.Owen has $180 per month to spend on the two goods, and the price of a pizza is $20 and the price of a soda is
$1)50. (Figure: Consumer Equilibrium I) Look at the figure Consumer Equilibrium I.What is Owen's marginal rate of substitution of pizza in place of soda when he is consuming his optimal consumption bundle?
A)0.75
B)1.5
C)13.3
D)20

Question

Figure: Consumer Equilibrium I The figure shows three of Owen's indifference curves for pizza and soda per week.Owen has $180 per month to spend on the two goods, and the price of a pizza is $20 and the price of a soda is
$1)50.   (Figure: Consumer Equilibrium I) Look at the figure Consumer Equilibrium I.What is Owen's marginal rate of substitution of pizza in place of soda when he is consuming his optimal consumption bundle?
A)0.75 
B)1.5 
C)13.3 
D)20

Quizplus · Accepted Answer

The Answer of Figure: Consumer Equilibrium I The figure shows three of Owen's indifference curves for pizza and soda per week.Owen has $180 per month to spend on the two goods, and the price of a pizza is $20 and the price of a soda is
$1)50.   (Figure: Consumer Equilibrium I) Look at the figure Consumer Equilibrium I.What is Owen's marginal rate of substitution of pizza in place of soda when he is consuming his optimal consumption bundle?
A)0.75 
B)1.5 
C)13.3 
D)20

Figure: Consumer Equilibrium I the Figure Shows Three of Owen's