6) If she has sixty dollars then the price of good Y is ____ and the...

Question

Question

6) If she has sixty dollars then the price of good Y is ____ and the price of good X is _______.

a) $3, $2

b) $2, $3

c) $2, $2

d) $3, $3

7) If point A were Jane’s optimal bundle what would her marginal rate of substitution be at that point?

a) -2

b) -2/3

c) -3/2

d) -1/2

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Answer 1

Answer #1

10) Engel curve for a normal good(camera) has a positive slope.

7) -2/3

6) $2,$3

Answer 2

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