Multiple Choice
If the marginal rate of substitution is a constant (5, for example) , then indifference curves are not:
A) smooth.
B) straight lines.
C) downward sloping.
D) kinked.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q65: If the utility number associated with consumption
Q66: Nonsatiation implies that consumption bundles:<br>A)which are nearer
Q67: If an indifference curve has a kink,
Q68: Which of the following is required for
Q69: If an indifference curve is convex, the
Q71: The slope of an indifference curve reflects:<br>A)the
Q72: If we consider the bundles A =
Q73: Tim consumes goods x and y. His
Q74: Which of the following is a scarce
Q75: If people regard pollution as a bad