Answer to Question #330295 in Management for Anju

Question

1. Assume that a consumer consumes two commodities X and Y and makes five combinations for the two commodities: TABLE BELOW

Combination Units of X Units of Y A 25 3 B 20 5 C 16 10 D 13 18 E 11 28

Combination | Units of X | Units of 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. (10 Marks)