Multiple Choice
The marginal rate of substitution
A) can be computed by measuring the slope of the indifference curve.
B) can be computed by measuring the curvature of the indifference curve.
C) cannot be deduced from the properties of the indifference curve.
D) can only be computed if we know the prices of all goods.
E) can be deduced from the budget line.
Correct Answer:
Verified
Correct Answer:
Verified
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