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Figure 21-6 -Refer to Figure 21-6.Assume That the Consumer Depicted in the Consumer

Question 154

Multiple Choice

Figure 21-6
Figure 21-6 -Refer to Figure 21-6.Assume that the consumer depicted in the figure has an income of $20 to spend entirely on yogurt and granola bars.The price of a tub of yogurt is $2,and the price of a pack of granola bars is $4.This consumer will choose a consumption bundle where the marginal rate of substitution is equal to which of the following A) 1/3 B) 1/2 C) 2/3 D) 3
-Refer to Figure 21-6.Assume that the consumer depicted in the figure has an income of $20 to spend entirely on yogurt and granola bars.The price of a tub of yogurt is $2,and the price of a pack of granola bars is $4.This consumer will choose a consumption bundle where the marginal rate of substitution is equal to which of the following


A) 1/3
B) 1/2
C) 2/3
D) 3

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