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.
Correct Answer:

Verified
Correct Answer:
Verified
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