Refer to Scenario 10.9. What level of output maximizes the sum of consumer surplus and producer surplus?

For a linear demand function, slope and the price elasticity of demand are equal

Indicate whether the statement is true or false

Joe's income is $500, the price of food (F, y-axis) is $2 per unit, and the price of shelter (S, x-axis) is $100. Which of the following represents his marginal rate of transformation of food for shelter?

A) -5 B) -50 C) -.02 D) None of the above.