Multiple Choice
Suppose the marginal rate of substitution of 
for 
is given by MRSx,y = 5x/7y
A) The indifference curves will be bowed away from the origin.
B) The indifference curves will be bowed in towards the origin.
C) The indifference curves will be straight lines.
D) It is not possible to tell the shape of the indifference curves with only this information.
Correct Answer:
Verified
Correct Answer:
Verified
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