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

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 14RQ: What is an externality?
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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
Transcribed Image Text: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.
Transcribed Image Text:Figure#5 Quantily of M&M's (or'o) 10 7. 6-7 Quantly ol Skittles 2. 6. 4.
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