Which of the following statements about this graph of Emi's preferences are true? (Select all that apply) Food (lb/wk) 17-3 A(3, 17) 9 3 0 3 7 C (7.9) 16 D (16,3) - Shelter (sq yd/wk) O Emi gets diminishing marginal utility from shelter but not from food O At a bundle of 3 square yards of shelter and 17 pounds of food, Emi would be willing to give up 3 yards of shelter to get 1 pound of food O Emi would prefer a bundle of 8 square yards of shelter and 9 pounds of food to a bundle of 16 square yards of shelter and 3 pounds of food O Emi's MRS between shelter and food at a bundle of 7 square yards of shelter and 9 pounds of food is 1
Which of the following statements about this graph of Emi's preferences are true? (Select all that apply) Food (lb/wk) 17-3 A(3, 17) 9 3 0 3 7 C (7.9) 16 D (16,3) - Shelter (sq yd/wk) O Emi gets diminishing marginal utility from shelter but not from food O At a bundle of 3 square yards of shelter and 17 pounds of food, Emi would be willing to give up 3 yards of shelter to get 1 pound of food O Emi would prefer a bundle of 8 square yards of shelter and 9 pounds of food to a bundle of 16 square yards of shelter and 3 pounds of food O Emi's MRS between shelter and food at a bundle of 7 square yards of shelter and 9 pounds of food is 1
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 9P
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Question
Only typed answer and please don't use chat gpt and don't use table
![Which of the following statements about this
graph of Emi's preferences are true? (Select all
that apply)
Food (lb/wk)
17-3 A(3, 17)
9
3
0
3
7
C (7.9)
16
D (16,3)
- Shelter (sq yd/wk)
O Emi gets diminishing marginal utility from shelter
but not from food
O At a bundle of 3 square yards of shelter and 17
pounds of food, Emi would be willing to give up 3
yards of shelter to get 1 pound of food
O Emi would prefer a bundle of 8 square yards of
shelter and 9 pounds of food to a bundle of 16
square yards of shelter and 3 pounds of food
O Emi's MRS between shelter and food at a bundle
of 7 square yards of shelter and 9 pounds of food
is 1](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff7f9471c-2103-462c-85a4-384faef7b979%2Fd6c29477-9437-4208-92cb-dec1dbd3b040%2Fq8h44w_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following statements about this
graph of Emi's preferences are true? (Select all
that apply)
Food (lb/wk)
17-3 A(3, 17)
9
3
0
3
7
C (7.9)
16
D (16,3)
- Shelter (sq yd/wk)
O Emi gets diminishing marginal utility from shelter
but not from food
O At a bundle of 3 square yards of shelter and 17
pounds of food, Emi would be willing to give up 3
yards of shelter to get 1 pound of food
O Emi would prefer a bundle of 8 square yards of
shelter and 9 pounds of food to a bundle of 16
square yards of shelter and 3 pounds of food
O Emi's MRS between shelter and food at a bundle
of 7 square yards of shelter and 9 pounds of food
is 1
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