Figure 3.1.5
-Refer to Figure 3.1.5. Which of the following is true concerning the consumer's marginal rate of substitution?
A) It is diminishing.
B) It is positive but varies along the indifference curve.
C) It is constant.
D) It is zero.

Question

Figure 3.1.5
-Refer to Figure 3.1.5. Which of the following is true concerning the consumer's marginal rate of substitution?
A) It is diminishing. 
B) It is positive but varies along the indifference curve. 
C) It is constant. 
D) It is zero.

Quizplus · Accepted Answer

The Answer of  Figure 3.1.5
-Refer to Figure 3.1.5. Which of the following is true concerning the consumer's marginal rate of substitution?
A) It is diminishing. 
B) It is positive but varies along the indifference curve. 
C) It is constant. 
D) It is zero.

Figure 3.1.5 -Refer to Figure 3.1.5. Which of the Following Is True