True or False: Students may submit their extra credit profil…

True or False: Students may submit their extra credit profiles and notes any time between October 1 and November 21. However, after submitting two extra credit profiles and notes, students MUST wait for grades from the instructor before they may submit the next two. You should expect grading to take at least one week per profile.

Pencils sell for 10 cents and pens sell for 50 cents. Suppos…

Pencils sell for 10 cents and pens sell for 50 cents. Suppose Jack, whose preferences satisfy all of the basic assumptions, buys 5 pens and one pencil each semester. With this consumption bundle, his MRS is 3, assuming pencils are on the y-axis and pens are on the x-axis. Which of the following is true?