Multiple Choice
Jamie is considering the purchase of a new car for $20,000.Her income is $60,000,and her alternative is "all other things," which sell for $1 each.If all other things are plotted on the vertical axis and her marginal rate of substitution is ,then she will buy car(s) .
A) 15,000; 0
B) 15,000; 1
C) 15,000; 2
D) 15,000; 3
E) 1/15,000; 3
Correct Answer:
Verified
Correct Answer:
Verified
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