Change Their Tastes and Preferences Via Their Utility Function to Match

question 28

Multiple Choice

change their tastes and preferences via their utility function to match the market's marginal rate of substitution.
-(Figure: Roses and Guns I) Which of the following output combinations does NOT fall on the production contract curve? I. guns, 20; roses, 2,000
II) guns, 15; roses, 2,800
III) guns, 90; roses, 750

• A) I, II, and III
• B) I
• C) III
• D) I and II

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