Cookie Monster always consumes cookies and milk in fixed proportions: 4 cookies to 8 ounces of milk.This implies that for Cookie Monster the marginal rate of substitution of cookies for milk is:
A)1/2.
B)2.
C)diminishing but between 8 and 4.
D)undefined.

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The Answer of Cookie Monster always consumes cookies and milk in fixed proportions: 4 cookies to 8 ounces of milk.This implies that for Cookie Monster the marginal rate of substitution of cookies for milk is:
A)1/2.
B)2.
C)diminishing but between 8 and 4.
D)undefined.

Cookie Monster Always Consumes Cookies and Milk in Fixed Proportions