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1.The marginal rate of substitution of tomatoes for cucumber MRS=3C/2T at a market bundle where C is the amount of cucumber and T is the
1.The marginal rate of substitution of tomatoes for cucumber MRS=3C/2T at a market bundle where C is the amount of cucumber and T is the amount of tomatoes in the bundle. The price of tomatoes is $3/lb and the price of cucumber is $2/lb as mentioned in the last problem. What is the relationship between C and T in an equilibrium bundle?
A.C/T=9/4
B.C/T=3/2
C.C/T=4/9
D.C/T=1
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