Multiple Choice
If you are willing to give up 10 units of good Y (on the vertical axis) for 5 units of good X (on the horizontal axis) , and your level of satisfaction is unchanged, the marginal rate of substitution is:
A) 0.5.
B) 2.
C) 5.
D) 10.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q169: Which of the following statements most fully
Q170: According to the utility model of consumer
Q171: Market demand is found by:<br>A) adding individual
Q172: If the price of apples falls and
Q173: Use the following to answer question(s): Consumer
Q175: Consumers will maximize utility whenever the total
Q176: If the price of a good falls,
Q177: Using the income and substitution effects, discuss
Q178: Use the following to answer question(s): Consumer
Q179: Sally Garcia devotes all of her income