Figure 2.5 (B) in the Text Explains That

Multiple Choice

Figure 2.5 (b) in the text explains that:

A) If an individual has a lower valuation of leisure, then the slope of his indifference curve is steeper.
B) If an individual has a higher valuation of consumption, then the marginal rate of substitution of consumption over leisure is higher.
C) If an individual has a higher valuation of consumption, then the slope of his indifference curve is flatter.
D) If an individual has a lower valuation of leisure, then the marginal rate of substitution of consumption over leisure is higher.