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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 53 times)

kellyjaisingh

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on: Jul 1, 2018
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.
Microeconomics ¦ Perloff ¦ 8th Edition
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lauravaras

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kellyjaisingh

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Reply 2 on: Jul 1, 2018
Wow, this really help

Dominic

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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