Multiple Choice
Mitchell's money income is $150,the price of X is $2,and the price of Y is $2.Given these prices and income,Mitchell buys 50 units of X and 25 units of Y.Call this combination of X and Y bundle J.At bundle J,Mitchell's MRS is 2.At bundle J,if Mitchell increases consumption of Y by 1 unit,how many units of X can he give up and still reach the same level of utility?
A) ½
B) 1
C) 2
D) 4
Correct Answer:

Verified
Correct Answer:
Verified
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