Choose any answers that are true (could be more than one answer)

Bruno is a landowner and Angela is a farmer who pays a share of her grain output to Bruno for the use of the land. Angela and Bruno's feasible frontier is downward sloping and concave, while Angela's biological survival constraint is downward sloping and convex (as shown in the figure). If Bruno has all the bargaining power, which of the following statements is correct? Angela's biological survival constraint 12 - Feasible frontier: Angela and Bruno combined Bushels of grain 2.5 - 0 Angela's hours of free time 24 + The marginal rate of transformation (MRT) of work hours into grain output is the slope of Angela's biological survival constraint, while the marginal rate of substitution (MRS) of work hours into subsistence requirements is the slope of the feasible frontier. O When the MRT of work hours into grain output is greater than the MRS of work hours into subsistence requirements, then Bruno should decrease Angela's free time. O When the MRT of work hours into grain output is lower than the MRS of work hours into subsistence requirements, then Angela's allocation of grain should be increased. O Angela's most preferred option is where the MRT equates her MRS