Solved

The Slope of an Indifference Curve Is Equal To

Question 55

Multiple Choice

The slope of an indifference curve is equal to:


A) - 1
B) positive, since indifference curves slope upward
C) the marginal rate of substitution
D) the same as the slope of the budget constraint at every point

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q16: Indifference curves provide a way to graphically

Q25: Graph 22-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 22-6

Q47: Which of the following statements about the

Q52: Assume that a consumer faces the budget

Q55: When economists describe preferences, they sometimes use

Q58: Diane knows that she will ultimately face

Q80: When the price of a good rises,

Q82: The marginal rate of substitution is:<br>A)the slope

Q136: A consumer:<br>A)prefers higher indifference curves to lower

Q147: The amount of a good that an