A consumer has $300 to spend on goods X and Y. The market prices of these two goods are Px = $15 and Py = $5.  a. What is the market rate of substitution between goods X and Y?

Micro Economics For Today
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ISBN:9781337613064
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Chapter6: Consumer Choice Theory
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A consumer has $300 to spend on goods X and Y. The market prices of these two goods
are Px = $15 and Py = $5. 
a. What is the market rate of substitution between goods X and Y?

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