((Figure: Consumer Equilibrium in the Market for Tacos and Manzana Lift) Figure: Consumer Equilibrium in the Market for

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Figure Consumer Equilibrium In The Market For Tacos And Manzana Lift Figure Consumer Equilibrium In The Market For 1 (41.74 KiB) Viewed 19 times

((Figure: Consumer Equilibrium in the Market for Tacos and Manzana Lift) Figure: Consumer Equilibrium in the Market for Tacos and Manzana Lift. The figure shows three of Addison's indifference curves for tacos and Manzana Lift (a popular Manzana Lift in Mexico) per week. Addison has $180 per month to spend on the two goods. The price of tacos is 520, and the price of Manzana Lift is $1.50. What is Addison's marginal rate of substitution of taco for Manzana Lift when he is consuming his optimal consumption bundle? Quantity of Manzana Lift 180 160 140 120 100 80 60 40 20 ..00 .- 0 2 6 8 10 12 14 16 Quantity of tacos a) 0.75 b) 1.5 c) 20 d) 13.3