Use the Following to Answer Questions 40-45

question 13

Multiple Choice

Use the following to answer questions 40-45:
Figure 15.10
-(Figure 15.10) Suppose the economy is achieving output efficiency at point I, where the marginal rate of transformation (MRT) is 1/4 and the marginal product of labor in the cereal industry is 12. Which of the following statements is (are) TRUE?

• A) The marginal rate of substitution (MR
• S) between pancakes and cereal is 4.
• B) The marginal product of capital in the pancake industry divided by the marginal product of capital in the cereal industry is 4.
• C) The marginal product of capital in the pancake industry is 3.
• D) MRS/MRT = 1/4.

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Definitions:

Unconditional Positive Regard

A therapeutic practice where the therapist accepts and supports the client regardless of what the client says or does, based on the concepts of humanistic psychology.

Self-Actualization

Achieving one's full capabilities and talents, viewed as an inherent motivation or necessity across all individuals.

Positive Social Institutions

Organizations or structures in society that promote social well-being, support, and positive outcomes for individuals and communities.

Positive Energy

A concept often related to the emotional or spiritual state of being optimistic, uplifting, and encouraging towards oneself or others.