The marginal rate of transformation of y for x represents
A) the slope of the budget constraint.
B) the rate at which the consumer must give up x to get one more y.
C) -Py/Px.
D) All of the above.
Correct Answer:
Verified
Q44: If the consumer's income increases while the
Q47: Betty consumes good x and good y.If
Q48: The marginal rate of transformation of y
Q51: If the price of one good increases
Q52: If the prices of both goods and
Q59: Joe's income is $500,the price of food
Q64: If a consumer's budget line for food
Q65: If a consumer's budget line for food
Q67: A consumer's budget line for food (F)and
Q70: An increase in a consumer's income will
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