Multiple Choice
Alvin's preferences for good X and good Y are shown in the diagram below. 
Figure 3.1
-Refer to Figure 3.1. Which of the following is true concerning Alvin's marginal rate of substitution?
A) It is diminishing.
B) It is positive but varies along the indifference curve.
C) It is constant.
D) It is zero.
Correct Answer:
Verified
Correct Answer:
Verified
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