Facing choices between beer and pizza,the number of pizzas a consumer would be willing to trade for just one beer is called
A) the marginal value of beer in terms of pizza.
B) the marginal value of pizza in terms of beer.
C) the demand for beer.
D) an undesirable trade.

Question

Quizplus · Accepted Answer

The marginal value of beer in terms of pizza refers to the amount of pizza a consumer is willing to give up to obtain one additional unit of beer, which directly answers the question posed.

Facing Choices Between Beer and Pizza,the Number of Pizzas a Consumer