Multiple Choice
The marginal rate of substitution for the good on the horizontal axis is
A) the consumer surplus.
B) the same as the consumer's budget line.
C) equal to the magnitude of the slope of the indifference curve.
D) equal to the magnitude of the slope of the consumer surplus curve.
E) equal to 1.0 if the indifference curves are linear.
Correct Answer:
Verified
Correct Answer:
Verified
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