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Use the Figure Below to Answer the Following Questions

Question 98

Multiple Choice

Use the figure below to answer the following questions. Use the figure below to answer the following questions.   Figure 9.2.3 -Refer to Figure 9.2.3.Rashid buys only books and CDs.The figure shows his preferences.When Rashid chooses the consumption point of 3 books and 2 CDs,his marginal rate of substitution is A) 1 book per CD. B) zero. C) 3/2 books per CD. D) 2/3 books per CD. E) 0.5 books per CD. Figure 9.2.3
-Refer to Figure 9.2.3.Rashid buys only books and CDs.The figure shows his preferences.When Rashid chooses the consumption point of 3 books and 2 CDs,his marginal rate of substitution is


A) 1 book per CD.
B) zero.
C) 3/2 books per CD.
D) 2/3 books per CD.
E) 0.5 books per CD.

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