Question: a. For a representative consumer, 4 wings and 3 bottles of Dr. Pepper generate the same utility as 6 wings and 2 bottles of Dr.
a. For a representative consumer, 4 wings and 3 bottles of Dr. Pepper generate the same utility as 6 wings and 2 bottles of Dr. Pepper.
How many wings must the consumer give up in order to get one more bottle of Dr. Pepper?
_________________
b. What is the technical name associated with the trade-off in (a)? _________________
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