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:

Development of Math Skills

The progressive acquisition and understanding of mathematical concepts, operations, and problem-solving techniques.

Here/There

A reference to the location of objects or persons in relation to the speaker or context.

Mine/Yours

Terms used to denote possession or ownership by the speaker or listener respectively.