Use the following to answer question:
Figure: The Optimal Choice of CDs and Movies
-(Figure: The Optimal Choice of CDs and Movies) Look at the figure The Optimal Choice of CDs and Movies. Nina likes to spend her income on new CDs (CD) and tickets to see movies (M) . The graph shows Nina's budget line and the optimal consumption bundle E. What is the price of movies in terms of CDs at point E?
A) 0.33
B) 1.33
C) MUCD / MUM
D) PCD / PM
Correct Answer:
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