Samara's income is $30 a month and she spends all of it on music downloads and gasoline. The price of a music download is $1.50 and the price of a gallon of gasoline is $3. At Samara's best affordable point, her marginal rate of substitution is ______ per music download. 2 gallons of gasoline 0.5 gallons of gasoline 1 gallon of gasoline 1.5 gallons of gasoline
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The budget constraint is given by: $1.50M + 3G = 30$ Show more…
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