Multiple Choice
Suppose that an indifference curve for Jack is drawn measuring quantities of pencils along the horizontal axis and quantities of pens along the vertical axis. If the marginal value of an additional pencil is 3 pens for Jack, the slope of his indifference curve in this range is
A) 1/3.
B) 3.
C) 6.
D) dependent upon the prices of the two goods
Correct Answer:
Verified
Correct Answer:
Verified
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