Marginal rate of substitution of football tickets

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Charlie has $ 1000 to allocate between football tickets and movie tickets over the year. The price of each football ticket is $50, and the price of each movie ticket is $10. His marginal rate of substitution of football tickets for movie tickets equals 4, regardless of what market bundle he chooses. How many football tickets does he purchase. (show work)

Reference no: EM13740689

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