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djsmyers djsmyers
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Posts: 764
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6 years ago
The above figure shows Bobby's indifference map for juice and snacks. Also shown are three budget lines resulting from different prices for snacks assuming he has $20 to spend on these goods. What is MRS for the point on Bobby's demand curve for snacks where price of snacks is $0.5?
A) -1
B) -0.5
C) -2
D) Not enough information
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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unExpectedunExpected
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#1
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6 years ago
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4 years ago
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