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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Question

100%

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

Figure#5
Quantily
of M&M's
(or'o)
10
7.
6-7
Quantly
ol Skittles
2.
6.
4.

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