The marginal rate of substitution is the slope of the:

Question

Quizplus · Accepted Answer

The marginal rate of substitution (MRS) measures the rate at which a consumer is willing to trade one good for another while remaining indifferent to their overall level of satisfaction. It is therefore represented by the slope of an indifference curve, which shows all the combinations of two goods that provide an equal level of satisfaction (or utility) to the consumer. The higher the slope, the greater the consumer's willingness to give up some of one good in order to get more of the other. Therefore, the correct answer is A, indifference curve.

The Marginal Rate of Substitution Is the Slope of The