The price of coke is $1.50 (y axis); the price of burger is $4.50 (x axis). Suppose that Ahmed does not consider the goods as perfect complements (and that there is no corner solution and the indifference curves are differentiable). If Ahmed has chosen his optimal consumption bundle by purchasing coke and burger, his marginal rate of substitution will be: A 1 coke for each burger. В 1/3 coke for each burger. Indeterminate unless more information on Ahmed's marginal C utilities is provided. 3 cokes for each burger.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter10: Consumer Choice Theory
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The price of coke is $1.50 (y axis); the price of burger is $4.50 (x axis).
Suppose that Ahmed does not consider the goods as perfect complements
(and that there is no corner solution and the indifference curves are
differentiable). If Ahmed has chosen his optimal consumption bundle by
purchasing coke and burger, his marginal rate of substitution will be:
A
1 coke for each burger.
1/3 coke for each burger.
Indeterminate unless more information on Ahmed's marginal
C
utilities is provided.
3 cokes for each burger.
Transcribed Image Text:The price of coke is $1.50 (y axis); the price of burger is $4.50 (x axis). Suppose that Ahmed does not consider the goods as perfect complements (and that there is no corner solution and the indifference curves are differentiable). If Ahmed has chosen his optimal consumption bundle by purchasing coke and burger, his marginal rate of substitution will be: A 1 coke for each burger. 1/3 coke for each burger. Indeterminate unless more information on Ahmed's marginal C utilities is provided. 3 cokes for each burger.
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