suppose tacos cost $4 each and hot dogs cost $2. Moreover, this mexican restaurant has a...
suppose tacos cost $4 each and hot dogs cost $2. Moreover, this mexican restaurant has a special deal. after you've bought 6 burritos, you can each extra burrito for $1.50. Assume that tacos are on the vertical axis and the burritos on the horizontal axis. what is the marginal rate of transformation when 8 burritos are purchased?
Homework Answers
PT = 4, PB= 2
If B>6, then PB` = 1.5
B on X axis, then MRTS = PB/PT
.
if B = 8, MRTS = PB`/PT
MRTS = 1.5/4 = .375
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