Solved

The Marginal Rate of Substitution of Current Consumption for Future

Question 19

Multiple Choice

The marginal rate of substitution of current consumption for future consumption is


A) minus the slope of the difference curve.
B) the slope of the lifetime budget constraint.
C) the slope of the indifference curve.
D) the downward slope of the budget constraint.
E) the endowment point.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q14: For all bonds to be indistinguishable<br>A)all consumers

Q15: If we represents a two-period consumer's

Q16: The property of diminishing marginal rate of

Q17: For the consumer to be at

Q18: In our two-period model, the government must

Q20: The simplest device to analyze dynamic decisions

Q21: The two primary explanations for the excess

Q22: The endowment point is the consumption bundle

Q23: An increase in first-period income results in<br>A)an

Q24: When there are credit market imperfections, an