Along an indifference curve,if the MRS of food (F)for clothing (C)is 1F/2C,this means the consumer:
A)has a stronger preference for clothes than for food.
B)would be willing to give up 1 unit of food for 2 units of clothing,and would be better off with the exchange.
C)would be willing to give up 1 unit of food for 2 units of clothing,but his or her total utility will not increase.
D)would be willing to give up 2 units of food for 1 unit of clothing.

Question

Quizplus · Accepted Answer

The MRS of 1F/2C means the consumer is willing to give up 1 unit of food for 2 units of clothing, maintaining the same level of utility, as it is along an indifference curve.

Along an Indifference Curve,if the MRS of Food (F)for Clothing