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 52 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
:D TYSM

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

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

Vascular Bundles in Stems (Part 1) Vascular Bundles in Stems (Part 1)
Exercise increases the heart rate. Exercise increases the heart rate.
This January 1937 photo from Sneedville, Tennessee, shows Eunice Johns, age 9, and her husband, ... This January 1937 photo from Sneedville, Tennessee, shows Eunice Johns, age 9, and her husband, ...
The graph shows the effect of sonic tuning of the intake manifold runners. The longer runners ... The graph shows the effect of sonic tuning of the intake manifold runners. The longer runners ...
How to use transformations to graph quadratic equations in vertex form How to use transformations to graph quadratic equations in vertex form
Finding the graph of a Parabola using certain values Finding the graph of a Parabola using certain values
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library