Jane's marginal rate of substitution of soft drinks for sandwiches is 1/2. This implies that Jane is

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willing to give up:

a. 1/2 sandwich to obtain an additional soft drink

b. 1/2 soft drink to obtain an additional sandwich

c. 2 sandwiches to obtain an additional soft drink

d. 1/2 dollar to obtain an additional soft drink

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Posted Date: Feb 15, 2024 12:37 AM

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Jane's marginal rate of substitution of soft drinks for sandwiches is 1/2. This implies that Jane is

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Microeconomics

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