Multiple Choice
For an individual who consumes only two goods,X and Y,the opportunity cost of consuming one unit of X in terms of how much Y must be given up is reflected in
A) the individual's marginal rate of consumption.
B) the slope of the individual's budget constraint.
C) the slope of the individual's indifference curve.
D) None of these.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: The point of tangency between a consumer's
Q10: Suppose a teenager likes both rap music
Q11: Suppose a teenager has $20 and likes
Q12: Suppose a teenager has $20 and likes
Q14: The slope of the budget constraint line
Q16: Suppose a cup of coffee at the
Q18: Suppose a teenager likes both rap music
Q19: If bundle A lies on an indifference
Q20: Suppose a teenager has $20 and likes
Q23: "If an individual is to maximize the