Economics: Marginal Rate of Substitution
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Questions and Answers

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

  • 1
  • 5
  • 2 (correct)
  • 4

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

  • 2:1
  • 3:1
  • 1:2
  • 1:1 (correct)

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

  • 1 (correct)
  • 2
  • 5
  • 3

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

    <p>8</p> Signup and view all the answers

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

    <p>40</p> Signup and view all the answers

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