Business
Business, 29.10.2020 18:10, rfultz27

John has $20 to spend on potato chips (X) and pretzels (Y). The price of a bag of potato chips is $4 and the price of a bag of pretzels is $2.5. How much is the market rate of substitution? a. 0.625
b. 5
c. 8
d. 1.6

answer
Answers: 3

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John has $20 to spend on potato chips (X) and pretzels (Y). The price of a bag of potato chips is $4...

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