Along the same indifference curve,MRS is ________ as more of one good is obtained.
A) constant
B) increasing
C) decreasing
D) varying irregularly

Question

Quizplus · Accepted Answer

The Marginal Rate of Substitution (MRS) typically decreases as more of one good is obtained, reflecting the consumer's willingness to give up less of one good to obtain more of the other, due to diminishing marginal utility.

Along the Same Indifference Curve,MRS Is ________ as More of One