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The Property of Diminishing Marginal Rate of Substitution Implies That

Question 16

Multiple Choice

The property of diminishing marginal rate of substitution implies that


A) the less current consumption the consumer has, the less future consumption she is willing to give up for one more unit of current consumption.
B) the more current consumption the consumer has, the less future consumption she is willing to give up for one more unit of current consumption.
C) the indifference curves are bowed away from the origin.
D) the indifference curves have a constant slope.
E) the more current consumption the consumer has, the more future consumption she is willing to give up for one more unit of current consumption.

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