This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Marginal Rate of SubstitutionThe graph shows various consumption bundles for socks and ... (Read 81 times)

wqwpfwpoefnpwenf

  • Full Member
  • ***
  • Posts: 159
on: Nov 23, 2022
Marginal Rate of Substitution

The graph shows various consumption bundles for socks and gloves.

Manaaki has a budget of $61.75 a month to spend on socks and gloves. The price of a pair of socks is $4.75 and the price of a pair of gloves is $9.50. Manaaki's optimal consumption is at point C. What is the marginal rate of substitution at this point? Please round your final answer to two decimal places.
◦ 0.50
◦ 0.23
◦ 2.00
◦ 4.33
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by wqwpfwpoefnpwenf on Nov 23, 2022

Burly

  • Full Member
  • ***
  • Posts: 167
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


wqwpfwpoefnpwenf

  • Member
  • Posts: 159
Reply 2 on: Nov 23, 2022
Excellent

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Primary production is positively correlated with the evapotranspiration rate. Primary production is positively correlated with the evapotranspiration rate.
An electrocardiogram (ECG, EKG) is a commonly used procedure in which the electrical events associat An electrocardiogram (ECG, EKG) is a commonly used procedure in which the electrical events associat
Cervical cancer (a) Top view of the uterus showing the presence of a tumor in the wall of the cervix Cervical cancer (a) Top view of the uterus showing the presence of a tumor in the wall of the cervix
How to convert units of any rate to another (Part 2) How to convert units of any rate to another (Part 2)
A karyotype shows this child has three copies of chromosome 21. A karyotype shows this child has three copies of chromosome 21.
Rate order question Rate order question
Video: Biological organic compounds

For a complete list of videos, visit our video library