Max Consumes Only Yoghurt and Almonds,and He Is on His

question 149

Multiple Choice

Max consumes only yoghurt and almonds,and he is on his highest possible indifference curve.Bundle A (four yoghurts and two almonds) and bundle B (three yoghurts and three almonds) are on this indifference curve.Between points A and B,what is Max's marginal rate of substitution of yoghurt for almonds?

• A) 1
• B) 2
• C) 3
• D) 1.33

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Definitions:

Bank Reconciliation

The process of comparing and adjusting the balance shown in a company's bank statement with the balance in its own records.

Bank Reconciliation

The process of matching the balances in an entity's accounting records with the corresponding bank statement.

Note Collected

A financial transaction where a note receivable, typically a written promise to pay a debt, is collected or paid off.