The marginal rate of substitution is obtained from two points ________ the indifference curve.
A) along
B) to the right of
C) to the left of
D) tangent to
E) above and below

Question

Quizplus · Accepted Answer

The marginal rate of substitution is calculated using two points along the indifference curve, reflecting the rate at which a consumer is willing to substitute one good for another while maintaining the same level of utility.

The Marginal Rate of Substitution Is Obtained from Two Points