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Use the Figure Below to Answer the Following Questions

Question 3

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions. Figure 9.2.3 -Refer to Figure 9.2.3. Rashid buys only books and albums. The figure shows his preferences. When Rashid chooses the consumption point of 3 books and 2 albums, his marginal rate of substitution is A) 1 book per album. B) zero. C) 3/2 books per album. D) 2/3 books per album. E) 0.5 books per album.
Figure 9.2.3
-Refer to Figure 9.2.3. Rashid buys only books and albums. The figure shows his preferences. When Rashid chooses the consumption point of 3 books and 2 albums, his marginal rate of substitution is


A) 1 book per album.
B) zero.
C) 3/2 books per album.
D) 2/3 books per album.
E) 0.5 books per album.

Correct Answer:

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