-The above figure shows Bobby's indifference map for juice and snacks.Also shown are three budget lines resulting from different prices for snacks assuming he has $20 to spend on these goods.What is MRS for the point on Bobby's demand curve for snacks where price of snacks is $0.5?
A)-1
B)-0.5
C)-2
D)Not enough information

Question

-The above figure shows Bobby's indifference map for juice and snacks.Also shown are three budget lines resulting from different prices for snacks assuming he has $20 to spend on these goods.What is MRS for the point on Bobby's demand curve for snacks where price of snacks is $0.5?
A)-1 
B)-0.5 
C)-2 
D)Not enough information

Quizplus · Accepted Answer

The Answer of 
-The above figure shows Bobby's indifference map for juice and snacks.Also shown are three budget lines resulting from different prices for snacks assuming he has $20 to spend on these goods.What is MRS for the point on Bobby's demand curve for snacks where price of snacks is $0.5?
A)-1 
B)-0.5 
C)-2 
D)Not enough information

-The Above Figure Shows Bobby's Indifference Map for Juice and Snacks.Also