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Author Question: Marginal Rate of SubstitutionThe graph shows various consumption bundles for socks and ... (Read 31 times)

wqwpfwpoefnpwenf

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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
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Marked as best answer by wqwpfwpoefnpwenf on Nov 23, 2022

Burly

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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.
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wqwpfwpoefnpwenf

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

bbburns21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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