=+to exchange 5 cups of hot chocolate for 1 album. 7. Raul has 4 Cal Ripken and
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=+to exchange 5 cups of hot chocolate for 1 album. 7. Raul has 4 Cal Ripken and 2 Nolan Ryan baseball cards. The prices of these baseball cards are $24 for Cal and $12 for Nolan. Raul, however, would be willing to exchange 1 Cal card for 1 Nolan card.
a. What is Raul’s marginal rate of substitution of Cal Ripken in place of Nolan Ryan baseball cards?
b. Can Raul buy and
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