Use the following graph showing a consumer's budget line and some indifference curves to answer the following questions. The consumer's income is $600.

-The price of Y is $______ and the price of X is $______. The consumer should buy _____ unit of X and ______ units of Y. In equilibrium the marginal rate of substitution is _____.

Question

Use the following graph showing a consumer's budget line and some indifference curves to answer the following questions. The consumer's income is $600.
 
-The price of Y is $______ and the price of X is $______. The consumer should buy _____ unit of X and ______ units of Y. In equilibrium the marginal rate of substitution is _____.

Quizplus · Accepted Answer

The Answer of Use the following graph showing a consumer's budget line and some indifference curves to answer the following questions. The consumer's income is $600.
 
-The price of Y is $______ and the price of X is $______. The consumer should buy _____ unit of X and ______ units of Y. In equilibrium the marginal rate of substitution is _____.

Use the Following Graph Showing a Consumer's Budget Line and Some