Multiple Choice
Which of the following is NOT a characteristic of a typical indifference curve?
A) The curve shows all combinations of goods that give the consumer the same level of utility.
B) As a consumer has less of a good,he is less willing to exchange less of it for one more unit of another good.
C) The marginal rate of substitution is measured by the slope of the tangent to the curve.
D) The curve will shift out if income increases.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The rate at which a consumer is
Q3: The figure below shows a consumer maximizing
Q4: The figure below shows a consumer maximizing
Q5: Suppose that utility-maximizing consumers in San Francisco
Q6: Assume James purchases only two goods,steak and
Q8: The figure below shows a consumer maximizing
Q9: Assume James purchases only two goods,steak and
Q10: The following figure shows a portion of
Q11: In the following graph the consumer's income
Q12: Based on the following graph,if the price