Multiple Choice
The absolute value of the slope of the indifference curve is called the:
A) marginal revenue.
B) average rate of substitution.
C) marginal rate of substitution.
D) marginal cost.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q114: The combinations of goods X and Y
Q115: If you are in the business of
Q116: Suppose earnings are given by E =
Q117: Suppose that consumers' preferences are well behaved
Q118: If money income doubles and the prices
Q120: Given that income is $750 and P<sub>X</sub>
Q121: Mitchell's money income is $150,the price of
Q122: Suppose that three consumers are in the
Q123: Managers can get workers to work longer
Q124: By the transitivity property,if A ≻ B