Business, 12.03.2021 15:20 catsareokiguess

Bob views apples and oranges as perfect substitutes in his consumption, and MRS of apple for orange is 2/3 for all combinations of the two goods in his indifference map. Suppose the price of apples is $2 per pound, the price of oranges is $3 per pound, and Bob's budget is $24 per week. What is Bob's utility-maximizing choice between these two goods

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Bob views apples and oranges as perfect substitutes in his consumption, and MRS of apple for orange...

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