The price of X is $20 and the price of Y is $40.

-Based on the above graph,at point B,
A)if the consumer obtains one more unit of Y,½ unit of X must be foregone in order to keep utility unchanged.
B)if the consumer obtains one more unit of X,two units of Y must be foregone in order to keep utility unchanged.
C)the marginal rate of substitution is ½.
D)both a and c
E)all of the above

Question

The price of X is $20 and the price of Y is $40.

-Based on the above graph,at point B,
A)if the consumer obtains one more unit of Y,½ unit of X must be foregone in order to keep utility unchanged. 
B)if the consumer obtains one more unit of X,two units of Y must be foregone in order to keep utility unchanged. 
C)the marginal rate of substitution is ½. 
D)both a and c 
E)all of the above

Quizplus · Accepted Answer

The Answer of The price of X is $20 and the price of Y is $40.

-Based on the above graph,at point B,
A)if the consumer obtains one more unit of Y,½ unit of X must be foregone in order to keep utility unchanged. 
B)if the consumer obtains one more unit of X,two units of Y must be foregone in order to keep utility unchanged. 
C)the marginal rate of substitution is ½. 
D)both a and c 
E)all of the above

The Price of X Is $20 and the Price of Y