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Jodie Has Indifference Curves for CDs and Colas, with CDs

Question 161

Multiple Choice

Jodie has indifference curves for CDs and colas, with CDs on the vertical axis. The flatter her indifference curves are, the


A) smaller her average rate of substitution.
B) larger her average rate of substitution.
C) smaller her marginal rate of substitution.
D) larger her marginal rate of substitution.

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