The slope of a(n)_____ curve shows the rate at which two goods can be exchanged _____.
A)indifference;without changing the total budget
B)utility;without changing the total budget
C)indifference;without changing total utility
D)marginal utility;to increase the consumer's marginal utility

Question

Quizplus · Accepted Answer

The slope of an indifference curve represents the rate at which two goods can be exchanged without changing the total utility of the consumer, indicating how much of one good a consumer is willing to give up to obtain one more unit of another good while maintaining the same level of overall satisfaction.

The Slope of A(n)_____ Curve Shows the Rate at Which