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    Exam 21: The Theory of Consumer Choice.
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    The Following Diagram Shows One Indifference Curve Representing the Preferences
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The Following Diagram Shows One Indifference Curve Representing the Preferences

Question 114

Question 114

Multiple Choice

The following diagram shows one indifference curve representing the preferences for goods X and Y for one consumer. The following diagram shows one indifference curve representing the preferences for goods X and Y for one consumer.   What is the marginal rate of substitution between points A and B? A)  2/5 B)  1 C)  5/2 D)  3
What is the marginal rate of substitution between points A and B?


A) 2/5
B) 1
C) 5/2
D) 3

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