Max Consumes Only Yogurt and Almonds,and He Is on His

question 21

Multiple Choice

Max consumes only yogurt and almonds,and he is on his highest possible indifference curve.Bundle A (4 yogurts and 2 almonds) and bundle B (3 yogurts and 3 almonds) are on this indifference curve.Between points A and B,what is Max's marginal rate of substitution of yogurt for almonds?

• A)1
• B)2
• C)3
• D)1.33

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Definitions:

Cooling Magma

The process of molten rock solidifying as it cools, forming igneous rock.

Igneous Rock

Igneous rock forms from the cooling and solidification of magma or lava and can be found at or beneath the surface of the Earth.

Weathering

The process by which rocks and minerals break down into smaller pieces by physical, chemical, or biological means, leading to the formation of soil and sediments.

Bedrock

The solid rock underlying loose deposits such as soil or alluvium, often exposed at the Earth's surface or underlying the soil layer.