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Sarah has $300 to allocate between movie tickets and opera 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?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91225093

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