Business, 01.07.2021 02:50 bushrajmaBushra

Suppose a consumer with an income of $100 is faced with Px = 1 and Py = 1/2. What is the market rate of substitution between good X (horizontal axis) and good Y (vertical axis)? A. 0.50 B. -1.0 C. -2.0 D. -4.0

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Suppose a consumer with an income of $100 is faced with Px = 1 and Py = 1/2. What is the market rate...

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