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Figure 21-18 -Refer to Figure 21-18.Assume That the Consumer Depicted in the Consumer

Question 428

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Figure 21-18
Figure 21-18    -Refer to Figure 21-18.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 21-18.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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