Multiple Choice
Suppose a consumer's MRS is given by the formula MRSPT = T/P,where P stands for the number of pieces of pizza and T stands for the number of tacos.Starting at 12 tacos and 4 pizzas,the consumer must receive:
A) 3 tacos to compensate them for the loss of one piece of pizza.
B) 3 pieces of pizza to compensate them for the loss of one taco.
C) 1/3 taco to compensate them for the loss of one piece of pizza.
D) 1/3 piece of pizza to compensate them for the loss of one taco.
Correct Answer:

Verified
Correct Answer:
Verified
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