change their tastes and preferences via their utility function to match the market's marginal rate of substitution.
-(Figure: Roses and Guns I) Which of the following output combinations does NOT fall on the production contract curve? I. guns, 20; roses, 2,000
II) guns, 15; roses, 2,800
III) guns, 90; roses, 750

Question

change their tastes and preferences via their utility function to match the market's marginal rate of substitution.
-(Figure: Roses and Guns I) Which of the following output combinations does NOT fall on the production contract curve?  I. guns, 20; roses, 2,000
II) guns, 15; roses, 2,800
III) guns, 90; roses, 750

Quizplus · Accepted Answer

The Answer of change their tastes and preferences via their utility function to match the market's marginal rate of substitution.
-(Figure: Roses and Guns I) Which of the following output combinations does NOT fall on the production contract curve?  I. guns, 20; roses, 2,000
II) guns, 15; roses, 2,800
III) guns, 90; roses, 750

Change Their Tastes and Preferences Via Their Utility Function to Match