The magnitude of the slope of an indifference curve is the marginal
A) rate of substitution.
B) rate of relative prices.
C) utility of substitution.
D) rate of utility of income.

Question

Quizplus · Accepted Answer

The magnitude of the slope of an indifference curve represents the rate at which a consumer is willing to substitute one good for another while remaining indifferent (equally satisfied) with their overall level of satisfaction or utility. This is known as the marginal rate of substitution (MRS). Therefore, choice A is the correct answer. Choices B, C, and D are not related to the concept of the slope of an indifference curve.

The Magnitude of the Slope of an Indifference Curve Is