-In the above figure, what is the magnitude of the marginal rate of substitution (MRS) at point a?
A) 1/2
B) the rate at which the consumer will give up magazines to purchase more CDs while preferring the new combination to the old
C) 2
D) The question cannot be answered without more information.

Question

-In the above figure, what is the magnitude of the marginal rate of substitution (MRS) at point a?
A) 1/2 
B) the rate at which the consumer will give up magazines to purchase more CDs while preferring the new combination to the old 
C) 2 
D) The question cannot be answered without more information.

Quizplus · Accepted Answer

The Answer of 
-In the above figure, what is the magnitude of the marginal rate of substitution (MRS) at point a?
A) 1/2 
B) the rate at which the consumer will give up magazines to purchase more CDs while preferring the new combination to the old 
C) 2 
D) The question cannot be answered without more information.

-In the Above Figure, What Is the Magnitude of the Marginal