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Economics: Marginal Rate of Substitution

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5 Questions

What is Sam's marginal rate of substitution of cheese doodles for pretzels?

2

If Sam and Sally swap their allocations, what will be the ratio of cheese doodles to pretzels with Sally?

1:1

What is the difference in the marginal rate of substitution between Sam and Sally?

1

If Sam is willing to give up 4 pretzels for an additional cheese doodle, how many pretzels will he have left?

8

What is the total number of cheese doodles and pretzels allocated to Sam and Sally?

40

Test your understanding of microeconomics concepts with this quiz on marginal rate of substitution, where Sam and Sally's snacking habits lead to interesting economic insights.

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