Figure 21-10
-Refer to Figure 21-10.Assume that the consumer depicted in the figure has an income of $20.The price of Skittles is $2 and the price of M&M's is $4.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.

Question

Figure 21-10 
-Refer to Figure 21-10.Assume that the consumer depicted in the figure has an income of $20.The price of Skittles is $2 and the price of M&M's is $4.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.

Quizplus · Accepted Answer

The Answer of Figure 21-10 
-Refer to Figure 21-10.Assume that the consumer depicted in the figure has an income of $20.The price of Skittles is $2 and the price of M&M's is $4.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.

Figure 21-10 -Refer to Figure 21-10.Assume That the Consumer Depicted in the Depicted