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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 154

Question 154

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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