Question: 1. Assume that a consumer consumes two commodities X and Y and makes five combinations for the two commodities: TABLE BELOW Combination C D

1. Assume that a consumer consumes two commodities X and Y and

1. Assume that a consumer consumes two commodities X and Y and makes five combinations for the two commodities: TABLE BELOW Combination C D E Units of X 25 Units of Y 3 20 5 16 13 11 Calculate Marginal rate of Substitution and explain the answer. (10 Marks) 10 18 28

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