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Substitute Goods

Table below s...

Question

Table below shows different combination of two products X and Y which are on the same indifference curve
Combination X Y
A 1 12
B 2 8
C 3 5
D 4 3
E 5 1
F 6 0
Answer question on the basis of table given above:
Marginal rate of substitution for combination B is __________.

A

7

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B

5

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C

4

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D

2

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Solution

The correct option is C 4
Marginal rate of substitution = Utility of previous combination - Utility of current combination.

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