Answer to Question #311991 in Microeconomics for Puchu

Question #311991

Assume that a consumer consumes two commodities X and Y and makes five combinations for the two commodities



Combinations. X. Y.



A. 25. 3



B. 20. 5



C. 16. 10



D. 13. 18



E. 11. 28



Calculate marginal rate of Substitution and explain the answer.

1
Expert's answer
2022-03-17T09:45:09-0400

"MRS= -(\\Delta\\ x" /"\\Delta\\ y)"


The table below shows the "\\Delta\\ x" and "\\Delta\\ y" and the Marginal rate of substitution calculated from the formula above.





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