Multiple Choice
Graph 22-7

-Refer to Graph 22-7. Assume that the consumer depicted in the graph has an income of $10. The price of Skittles is $1 and the price of M&Ms is $2. This consumer will choose a consumption bundle where the marginal rate of substitution is:
A) 2.
B) 2/3
C) 1/2
D) 1/3
Correct Answer:
Verified
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