menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Theory with Applications
  4. Exam
    Exam 2: A Theory of Preferences
  5. Question
    If Al's Indifference Curves Are Downward Sloping Straight Lines, Then
Solved

If Al's Indifference Curves Are Downward Sloping Straight Lines, Then

Question 58

Question 58

Multiple Choice

If Al's indifference curves are downward sloping straight lines, then Al's marginal rate of substitution is:


A) increasing.
B) constant.
C) zero.
D) diminishing.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q53: Sharon's utility function can be expressed as

Q54: The rate at which a consumer is

Q55: If the indifference curves for some individual

Q56: Consider the following preference statements: (7, 9)is

Q57: Horizontal indifference curves imply that:<br>A)the goods are

Q59: Which of the following statements about indifference

Q60: Jane's utility function is U(x,y)= 2xy. She

Q61: The utility function U(x<sub>1</sub>,x<sub>2</sub>)= min(x<sub>1</sub>,x<sub>2</sub>)is an apt

Q62: The nonsatiation assumption implies that more is

Q63: If the utility number associated with consumption

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines