Multiple Choice
Suppose the marginal rate of substitution of for is given by MRSx, , which of the following is correct?
A) The indifference curves will be bowed away from the origin.
B) The indifference curves will be bowed in towards the origin.
C) The indifference curves will be straight lines.
D) It is not possible to tell the shape of the indifference curves with only this information.
Correct Answer:
Verified
Correct Answer:
Verified
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