Solved

The Following Diagram Shows One Indifference Curve Representing the Preferences

Question 167

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

Correct Answer:

verifed

Verified

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

Related Questions

Q2: The direction of the substitution effect is

Q165: Figure 21-3<br>In each case,the budget constraint moves

Q168: Dave consumes two normal goods,X and Y,and

Q169: The following diagram shows two budget lines:

Q170: Each of the following are characteristics of

Q171: Ken consumes two goods,Sprite and potato chips.Sprite

Q279: Consider the budget constraint between "spending today"

Q429: Karen,Tara,and Chelsea each buy ice cream and

Q440: Both Diana and Sarah like jazz music

Q497: Karen, Tara, and Chelsea each buy ice