Question
A) Denis is buying beer and pizza.Pizza (P) costs $1/slice and Beer (B) costs $5/can.Denis's marginal rate ofsubstitution of beer for pizza isMRS BP =
A) Denis is buying beer and pizza.Pizza (P) costs $1/slice and Beer (B) costs $5/can.Denis's marginal rate ofsubstitution of beer for pizza isMRSBP= B/P.If Denis has $130 to spend, how many slices of pizza will he buy?
B) Denis is buying beer and pizza.Pizza (P) costs $1/slice and Beer (B) costs $5/can.Denis's marginal rate ofsubstitution of beer for pizza isMRSBP= P.If Denis has $100 to spend, how many cans of beer will he buy?
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Forecasting for Economics and Business
Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
