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The Marginal Rate of Substitution Is Illustrated by the

Question 72

Multiple Choice

The marginal rate of substitution is illustrated by the


A) slope of the indifference curve.
B) slope of the budget line.
C) ratio of the marginal utility of the good on the vertical axis to the marginal utility of the good on the horizontal axis.
D) distance between the indifference curves.
E) distance between the budget line and the indifference curve.

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