e of substitution (MRS) of jackets for pairs of shoes is rays willing to trade 4 pairs of shoes for one jacket (} e current price of a jacket is $400 and the price of a p can make herself better off by trading in some jack market rate. Is she right to claim so? If yes, how, it

If Porsha view 3 glasses of juice as a perfect substitute for one cup of soda and vice versa, what is her marginal rate of substitution between juice and soda?

need quality answer Nuoya has $256 to spend on cherry and/or coconuts. The price of cherry is $12/kg and the price of coconuts is $17/kg. What is the slope of her budget line, if cherry is on the horizontal axis and coconuts are on the vertical axis? Round your answer to two decimal places, if necessary. Hint: is slope positive or negative?

dont use chatgpt answer and correct answer i will 10 upvotes.

Relate the concept of marginal rate of substitution back to the idea of willingness to pay and economic return. In particular... If my MRS2 for1|> ERS2 for 1| can I receive additional economic return by reallocating by budget away from one commodity and towards another? If so, how? Why? Please include a diagram in your answer.

How many pieces of sushi and how many bagels did Deborah consume before the price change? pieces of sushi and |bagels At the new prices, how much money would it have cost Deborah to by those same quantities (that is, the quantities that she consumed before the price change)? 24 Given that it used to take Deborah's entire $210 to buy those quantities, how big is the income effect caused by the lower price of bagels? %24 %24