Multiple Choice
Exhibit 6-22
-If a consumer moves from point a to point b on the indifference curve shown in Exhibit 6-22,
A) the marginal rate of substitution between books and movies falls
B) the marginal rate of substitution between books and movies stays the same
C) the marginal rate of substitution between books and movies increases
D) the marginal rate of substitution between books and movies becomes negative
E) the marginal rate of substitution between books and movies becomes zero
Correct Answer:

Verified
Correct Answer:
Verified
Q19: A candy bar sells for 50 cents,
Q20: If clams and mussels are normal goods,
Q39: Suppose Norm really loves coffee and Diane
Q50: A consumer's indifference map is a depiction
Q67: What would happen to the budget line
Q69: Chris budgets $30 this week for spending
Q73: A family on a trip budgets $800
Q87: According to the law of diminishing marginal
Q99: Economists assume that, within a given budget,
Q103: A family on a trip budgets $200