31. Refer to Figure#5. Assume that the consumer depicted in the figure has an income of $20. The price of Skittles is $2 and the price of M&M's is $2. Point C represents a point where the a. MRSXY < Py/Px b. MRSXY < Px/Py C. MRSXY > Py/Px d. MRSXY = Px/Py %3D

31. Refer to Figure#5. Assume that the consumer depicted in the figure has an income of $20. The price of Skittles is $2 and the price of M&M's is $2. Point C represents a point where the a. MRSXY < Py/Px b. MRSXY < Px/Py C. MRSXY > Py/Px d. MRSXY = Px/Py %3D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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