The following diagram shows one indifference curve representing the preferences for goods X and Y for one consumer.
What is the marginal rate of substitution between points A and B?
A) 2/5
B) 1
C) 5/2
D) 3
Correct Answer:
Verified
Q152: Bob enjoys fishing and hunting.He divides his
Q158: Assume that a consumer's indifference curve is
Q321: Each of the following are characteristics of
Q323: The rate at which a consumer is
Q327: The slope of an indifference curve is
A)the
Q329: As long as a consumer remains on
Q330: Bundle L contains 10 units of good
Q332: The marginal rate of substitution
A)varies along an
Q334: Assume that a consumer's indifference curve is
Q339: If an indifference curve is bowed out
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents