Refer to the information provided in Figure 6.14 below to answer the question(s) that follow. Figure 6.14
-Refer to Figure 6.14. The ________ is the ratio of the marginal utility of ice cream cones to the marginal utility of ice cream sandwiches.
A) slope of the indifference curve
B) slope of the budget constraint
C) maximum number of ice cream cones that can be purchased
D) maximum number of ice cream sandwiches that can be purchased

Question

Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.  Figure 6.14
-Refer to Figure 6.14. The ________ is the ratio of the marginal utility of ice cream cones to the marginal utility of ice cream sandwiches.
A) slope of the indifference curve 
B) slope of the budget constraint 
C) maximum number of ice cream cones that can be purchased 
D) maximum number of ice cream sandwiches that can be purchased

Quizplus · Accepted Answer

The slope of the indifference curve represents the rate at which a consumer is willing to substitute one good for another while maintaining the same level of utility, which in this context is the ratio of the marginal utility of ice cream cones to the marginal utility of ice cream sandwiches.

Refer to the Information Provided in Figure 6