If Fred's marginal rate of substitution of salad for pizza equals five, then
A) he would give up five pizzas to get the next salad.
B) he would give up five salads to get the next pizza.
C) he will eat five times as much pizza as salad.
D) he will eat five times as much salad as pizza.
B
Economics
You might also like to view...
Which of these social sciences deals most with models of behavior rather than with thought processes?
A) psychology B) sociology C) psychiatry D) economics
Economics
Discounting or computing present value is a way of comparing dollar values that will appear at different points in time
a. True b. False Indicate whether the statement is true or false
Economics