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Author Question: Suppose a taco costs 4 and a burrito costs 2. Moreover, this Mexican restaurant has a special deal. ... (Read 47 times)

kellyjaisingh

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Suppose a taco costs 4 and a burrito costs 2. Moreover, this Mexican restaurant has a special deal. After you've bought 6 burritos, you can buy each extra burrito for 1.50. Assume that tacos are on the vertical axis and burritos on the horizontal axis. What is the marginal rate of transformation (MRT) when 8 burritos are purchased?
 
  A) MRT = 0.375
  B) MRT = 0.50
  C) MRT = 2
  D) MRT = 2.67

Question 2

Quotas, such as limiting the amount of residential water use during a drought, restricts an individual's preference set and
 
  A) reduces utility because an individual cannot consume as much as they would without the quota.
  B) increases utility because quotas restrict output and raise profits for the water company.
  C) reduces utility because an individual is forced to substitute to other goods.
  D) does not affect overall utility.


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lauravaras

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kellyjaisingh

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Reply 2 on: Jul 1, 2018
Gracias!


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Reply 3 on: Yesterday
:D TYSM

 

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