Figure 21-19 -Refer to Figure 21-19. Assume That the Consumer Depicted in Consumer

question 363

Multiple Choice

Figure 21-19
-Refer to Figure 21-19. 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. The consumer will choose a consumption bundle where the marginal rate of substitution is

• A)2.
• B)2/3.
• C)1/2.
• D)1/3.