Question: If X and Y are perfect subsbtutes, the marginal rate of substitution is 5, the price of good X is $8, the price of good Y is $2, and the consumor's income is $16, then the consumer wil buy units of Y O 2 DO 16 O None of the above

Question: If X and Y are perfect subsbtutes, the marginal rate of substitution is 5, the price of good X is $8, the price of good Y is $2, and the consumor's income is $16, then the consumer wil buy units of Y O 2 DO 16 O None of the above

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 13PA

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