Use the Following to Answer Questions 23-24

question 3

Multiple Choice

Use the following to answer questions 23-24:
Figure 15.1
-(Figure 15.1) The market prices for cereal and pancakes are $2 and $1, respectively. Pareto efficiency requires that the marginal rate of substitution of cereal for pancakes equal _____ for Elaine and _____ for Jerry.

• A) 2; 1/2
• B) 1/2; 2
• C) 2; 2
• D) 2; 1

---

Definitions:

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within a few centimeters of each other.

Smart Card Reader

A device that can read flash media. Also called a multi-card reader. It can also be a device used to read the embedded chips in smart cards.

Disk Management

A Windows tool used to partition and manage hard drives.

Device Manager

A component of the Microsoft Windows operating system that allows users to view and control the hardware attached to the computer.