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    Principles of Microeconomics Study Set 10
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    Exam 21: The Theory of Consumer Choice
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    Figure 21-19 -Refer to Figure 21-19. Assume That the Consumer Depicted in Consumer
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Figure 21-19 -Refer to Figure 21-19. Assume That the Consumer Depicted in Consumer

Question 363

Question 363

Multiple Choice

Figure 21-19 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.
-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.

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