Use the figure below to answer the following questions.

Figure 9.2.3
-Refer to Figure 9.2.3. When Rashid chooses the consumption point of 2 books and 6 albums, his marginal rate of substitution is
A)1/3 books per album.
B)0.5 books per album.
C)3 books per album.
D)1 book per album.
E)2 books per album.

Question

Use the figure below to answer the following questions.
  
Figure 9.2.3
-Refer to Figure 9.2.3. When Rashid chooses the consumption point of 2 books and 6 albums, his marginal rate of substitution is
A)1/3 books per album. 
B)0.5 books per album. 
C)3 books per album. 
D)1 book per album. 
E)2 books per album.

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following questions.
  
Figure 9.2.3
-Refer to Figure 9.2.3. When Rashid chooses the consumption point of 2 books and 6 albums, his marginal rate of substitution is
A)1/3 books per album. 
B)0.5 books per album. 
C)3 books per album. 
D)1 book per album. 
E)2 books per album.

Use the Figure Below to Answer the Following Questions