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-In the Above Figure, What Is the Magnitude of the Marginal

Question 95

Multiple Choice

-In the above figure, what is the magnitude of the marginal rate of substitution (MRS) at point a? A) The rate at which the consumer will give up magazines to purchase more CDs while preferring the new combination to the old. B) 1/2 C) 2 D) The question cannot be answered without more information.
-In the above figure, what is the magnitude of the marginal rate of substitution (MRS) at point a?


A) The rate at which the consumer will give up magazines to purchase more CDs while preferring the new combination to the old.
B) 1/2
C) 2
D) The question cannot be answered without more information.

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