=+whether this is Korys optimal consumption bundle. If not, what should Kory do to achieve her optimal

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=+whether this is Kory’s optimal consumption bundle. If not, what should Kory do to achieve her optimal consumption bundle?

a. Kory is considering buying 4 albums and 5 cups of hot chocolate. At that bundle, her marginal rate of substitution of albums in place of hot chocolate is 1; that is, she would be willing to forgo only 1 cup of hot chocolate to acquire 1 album. b.

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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