Multiple Choice
Use the figure below to answer the following questions.
Figure 9.2.3
-Refer to Figure 9.2.3. When Rashid chooses the consumption point of 2 books and 6 albums, his marginal rate of substitution is
A) 1/3 books per album.
B) 0.5 books per album.
C) 3 books per album.
D) 1 book per album.
E) 2 books per album.
Correct Answer:
Verified
Correct Answer:
Verified
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