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Sarah has $300 to allocate between opera tickets and movie tickets. The price of each opera ticket is $60 and the price of each movie ticket is $6 Her marginal rate of substitution of opera tickets

Sarah has $300 to allocate between opera tickets and movie tickets. The price of each opera ticket is $60, and the price of each movie ticket is $6. Her marginal rate of substitution of opera tickets for movie tickets equals 5, regardless of what market bundle she chooses. How many opera tickets does she purchase?

Apr 03 2020 View more View Less

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