The marginal rate of substitution measures the slope of the:
A) total utility curve.
B) demand curve.
C) budget line.
D) indifference curve.

Question

Quizplus · Accepted Answer

The marginal rate of substitution measures the rate at which a consumer is willing to exchange one good for another while remaining at the same level of utility, and it is represented by the slope of the indifference curve. Therefore, the correct answer is D, the indifference curve.

The Marginal Rate of Substitution Measures the Slope of The