{"id":850,"date":"2017-10-28T20:59:38","date_gmt":"2017-10-28T14:59:38","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/mitchells-money-income-is-150-the-price-of-budget-constraint\/"},"modified":"2017-10-28T20:59:38","modified_gmt":"2017-10-28T14:59:38","slug":"mitchells-money-income-is-150-the-price-of-budget-constraint","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/mitchells-money-income-is-150-the-price-of-budget-constraint\/","title":{"rendered":"Mitchell&#8217;s money income is $150, the price of &#8230;.budget constraint?"},"content":{"rendered":"<p>Mitchell&#8217;s money income is $150, the price of X is $2, and the price of Y is $2. Given these prices and income, Mitchell buys 50 units of X and 25 units of Y. Call this combination of X and Y bundle J. At bundle J Mitchell&#8217;s MRS is 2. At bundle J, if Mitchell increases consumption of Y by 1 unit how many units of X must he give up in order to satisfy his budget constraint?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[57],"subject":[5],"class_list":["post-850","mcq","type-mcq","status-publish","hentry","topic-the-theory-of-individual-behavior","subject-managerial-economics"],"mcq_note":"Mitchell's money income is $150, the price of X is $2, and the price of Y is $2. Given these prices and income, Mitchell buys 50 units of X and 25 units of Y. Call this combination of X and Y bundle J. At bundle J Mitchell's MRS is 2. At bundle J, if Mitchell increases consumption of Y by 1 unit how many units of X must he give up in order to satisfy his budget constraint?Answer:1.","mcq_options":[{"right":"no","answer":"\u00bd"},{"right":"yes","answer":"1"},{"right":"no","answer":"2"},{"right":"no","answer":"4"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":57,"title":"The Theory of Individual Behavior","slug":"the-theory-of-individual-behavior"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=850"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=850"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=850"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}