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4 Jan 2018
Use the figure below to answer the following questions. Books Bo 5 6 0 2 4 8 3 10 Albums Figure 9.2.3 29) Refer to Figure 9.2.3. Rashid buys only books and albums. The figure shows his preferences. When Rashid chooses the consumption point of 3 books and 2 albums, his marginal rate of substitution is A) 0.5 books per album B) 2/3 books per album C) zero D) 1 book per album E) 3/2 books per album
Use the figure below to answer the following questions. Books Bo 5 6 0 2 4 8 3 10 Albums Figure 9.2.3 29) Refer to Figure 9.2.3. Rashid buys only books and albums. The figure shows his preferences. When Rashid chooses the consumption point of 3 books and 2 albums, his marginal rate of substitution is A) 0.5 books per album B) 2/3 books per album C) zero D) 1 book per album E) 3/2 books per album
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