If the MRS at an Initial Market Basket Between Books

question 71

Multiple Choice

If the MRS at an initial market basket between books [B] and Frisbees [F] is 6B/1F for Dave and 3B/1F for Diane,then:

• A)Diane will accept 3 books from Dave for 1 Frisbee.
• B)Diane will accept 2 books from Dave for 1 Frisbee.
• C)mutually beneficial trades are not possible.
• D)Dave will offer 7 books for 1 Frisbee from Diane.

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Definitions:

Logarithms

The mathematical operation that determines the power to which a base number is raised to obtain a certain value.

Convergence

Binocular depth perception cue; the rotation of the two eyes in their sockets to focus on a single object, resulting in greater convergence for closer objects and lesser convergence if objects are distant.

GPS Location

A system that uses satellite signals to determine the precise location of a device or individual on Earth.

Mental Image

A representation in the mind of a sensory experience or object, enabling visualization or imagination of scenarios not physically present.