32 33 Use this table to answer the questions on the Marginal Rate of CommoditySubstitution. The table is likewise, uploaded in the google classroomannouncement.Change in Consumption of ClothingChange in the Consumption of FoodPoint-125A-55B-3C-2D-1E The Marginal Rate of CommoditySubstitution of Food for Clothingat Point B isO 0.50O 1.00O -1.00The Marginal Rate of CommoditySubstitution of Food for Clothingat Point D isO a. -0.40O b. 0.40O c. -2.50O c.O d. 2.50

MRS is defined as marginal rate of substitution. Which means, how many unit of good x has to forgone…

Use this table to answer the questions on the Marginal Rate of Commodity Substitution. The table is likewise, uploaded in the google classroom announcement. Change in Consumption of Clothing Change in the Consumption of Food Point -12 5 A -5 5 B -3 5 C -2 D -1 E

Use this table to answer the questions on the Marginal Rate of Commodity Substitution. The table is likewise, uploaded in the google classroom announcement. Change in Consumption of Clothing Change in the Consumption of Food Point -12 5 A -5 5 B -3 5 C -2 D -1 E

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

32 33

The Marginal Rate of Commodity
Substitution of Food for Clothing
at Point B is
O 0.50
O 1.00
O -1.00
The Marginal Rate of Commodity
Substitution of Food for Clothing
at Point D is
O a. -0.40
O b. 0.40
O c. -2.50
O c.
O d. 2.50

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