Multiple Choice
Figure 21-14 
-Refer to Figure 21-14. Which of the graphs illustrates indifference curves for which the marginal rate of substitution varies?
A) graph a
B) graph b
C) graph c
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q483: The marginal rate of substitution is equal
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
Q489: Figure 21-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-13
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