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

question 195

Multiple Choice

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.

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Definitions:

Democratize The Internet

The process of making internet access and digital resources available and accessible to all people, ensuring equal opportunities for participation.

Spontaneous Activities

Unplanned actions or events that arise naturally or suddenly, without external coercion or predetermined structure.

Formal

Following or in accordance with established rules, procedures, or etiquette, often characterized by a clear structure or organization.

Organized

Characterized by systematic planning and coordinated effort, often referring to groups, activities, or structures.