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Refer to the Following Figure

Question 4

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Refer to the following figure:
Refer to the following figure: The consumer's income is $800. -What is the consumer's marginal rate of substitution in equilibrium? A) 1.5 B) 2 C) 2.5 D) 0.8 E) unable to tell from information given
The consumer's income is $800.
-What is the consumer's marginal rate of substitution in equilibrium?


A) 1.5
B) 2
C) 2.5
D) 0.8
E) unable to tell from information given

Correct Answer:

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