(Answered) Mary consumes just two goods 1 and 2 her budget line has

Management Studies

Mary consumes just two goods (1 and 2). Her budget line has intercepts of 20 for q1 and 40 for q2, and p2 = $10.

A. What is p1?

B. What is Mary's income (m)?

C. What will be Mary's willingness to exchange good 2 for good 1 in equilibrium (i.e., her MRS)?

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