Principles of Microeconomics, 7th Edition

Published by South-Western College
ISBN 10: 128516590X
ISBN 13: 978-1-28516-590-5

Chapter 21 - Part VII - The Theory of Consumer Choice - Quick Check Multiple Choice - Page 458: 3

Answer

b) 2, 2

Work Step by Step

A shirt is twice as expensive as a hat, and then all people have a marginal rate of 2 hats per shirt.
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