Managerial economics homework help

Posted on 2014-04-11 10:36:00 in Economics by LIZ GONZALEZ

Assume the quantity of bananas is measured on the horizontal axis and the quantity of oranges is measured on the vertical axis. If John likes both bananas and oranges then his marginal rate of substitution along the indifference curve indicates:

Answer



how many oranges he is willing to give up to obtain one more banana.



how many additional oranges he wants to give up two bananas.



how many oranges he is willing to give up to get rid of one banana.



how many bananas he is willing to give up to get rid of one orange.

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