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29. Jamie is considering the purchase of a new car for $20,000. Her income is $60,000, and her alternative is all other things, which sell
29. Jamie is considering the purchase of a new car for $20,000. Her income is $60,000, and her alternative is "all other things," which sell for $1 each. If all other things are plotted on the vertical axis and her marginal rate of substitution is , then she will buy car(s). a. 15,000; 0 b. 15,000; 1 c. 15,000; 2 d. 15,000; 3 e. 1/15,000; 3 ANS: A DIF: Moderate REF: 72 TOP: The Budget Line MSC: Applied
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