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Mary Likes to Consume Either Pizza or Spaghetti

question 222

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Mary likes to consume either pizza or spaghetti.She has $48 to spend on these meals.
a.One week the price of pizza is $8 and the price of spaghetti is $6.Mary uses the indifference curve analysis she learned in microeconomics to decide how much of each type of meal to buy.She puts pizza on the vertical axis and spaghetti on the horizontal axis.What is the marginal rate of substitution at the combination of pizza and spaghetti that Mary chooses?
b.The next week,the price of pizza is $6 and the price of spaghetti is $8 so Mary adjusts her consumption combination to maximize her total utility.What is her marginal rate of substitution now?

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Definitions:

Organizations

Entities formed by groups of people working towards a common goal, characterized by structured systems and processes.

Sexual Harassment

Unsolicited sexual overtures, pleas for sexual gratifications, and differing instances of sexual harassment, either spoken or physical.

Minority Women

Women who belong to socially, culturally, or ethnically marginalized groups within a larger population.

Harassed

Being subjected to aggressive pressure or intimidation, often persistently.

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