If Max's marginal rate of substitution for goods A and B is 3, thenĀ
A. the price of good A exceeds the price of good B.
B. the marginal utility of good A is 3 and the marginal utility of good B is 3.
C. the ratio of the total utilities of good A and good B is 3.
D. Max is willing to give up 3 units of good A for 1 unit of good B.
Answer: D
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