Multiple Choice
Figure 21-13 
-Refer to Figure 21-13. As the consumer moves from A to B to C, the marginal rate of substitution
A) increases.
B) decreases.
C) remains constant.
D) first increases, then decreases.
Correct Answer:
Verified
Correct Answer:
Verified
Q484: Figure 21-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-14
Q485: The opportunity cost of current household consumption
Q486: Figure 21-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-14
Q487: A consumer chooses an optimal consumption point
Q488: Figure 21-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-14
Q490: The consumer's optimum is where<br>A)MU<sub>x</sub>/MU<sub>y</sub> = P<sub>y</sub>/P<sub>x</sub>.<br>B)MU<sub>x</sub>/P<sub>y</sub>
Q491: The two "goods" used when economists analyze
Q492: Figure 21-5<br>(a)<br>(b) <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-5 (a)
Q493: Figure 21-17 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-17
Q494: A consumer's preferences for right shoes and