In the figure above, the marginal rate of substitution (MRS) at ...

[Destiiny22]

In the figure above, the marginal rate of substitution (MRS) at point A is equal to ________ pounds of pickles per pound of olives.
 
  A) 8
  B) 6
  C) 1 1/3
  D) 2

Question 2

Under monopolistic competition, firms make zero economic profit in the long run and produce at the minimum ATC.
 
  Indicate whether the statement is true or false

[AaaA]

Answer to Question 1

C

Answer to Question 2

FALSE