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Suppose That at Current Consumption Levels an Individual's Marginal Utility

Question 17

Multiple Choice

Suppose that at current consumption levels an individual's marginal utility of consuming an extra hot dog is 10 whereas the marginal utility of consuming an extra soft drink is 2.Then the MRS (of soft drinks for hot dogs) -that is,the number of hot dogs the individual is willing to give up to get one more soft drink is


A) 5
B) 2
C) 1/2
D) 1/5

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