The marginal rate of substitution measures the distance between one indifference curve and the next one.

Name: The marginal rate of substitution measures the distance between one indifference curve and the next one.
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Question

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The marginal rate of substitution measures the rate at which a consumer is willing to substitute one good for another while maintaining the same level of utility, not the distance between indifference curves.

The Marginal Rate of Substitution Measures the Distance Between One