Frieda Enjoys Cooking and Baking

question 9

Multiple Choice

Frieda enjoys cooking and baking.Her utility function is U(C,B) = 6C + 3B,where C is the number of hours she spends cooking and B is the hours she spends baking.What is Frieda's MRS of cooking with baking?

• A) 1/6
• B) 2
• C) 6
• D) It cannot be determined from the given information.

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Definitions:

World Population

The total number of human inhabitants of the planet Earth at a given time, estimated by demographers.

Human Resources

The personnel of a business or organization, especially when regarded as a significant asset.

Developing Nations

Countries with a lower level of industrialization, lower per capita income levels, and often higher rates of poverty compared to developed countries.

Unemployment

The situation when individuals who are willing and able to work are unable to find employment, often measured by the unemployment rate.