menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 3
  4. Exam
    Exam 16: Consumer Choice
  5. Question
    Since Two Goods Are Subject to Diminishing Marginal Utility,the Marginal
Solved

Since Two Goods Are Subject to Diminishing Marginal Utility,the Marginal

Question 153

Question 153

Multiple Choice

Since two goods are subject to diminishing marginal utility,the marginal rate of substitution is


A) constant.
B) always decreasing.
C) always increasing.
D) the inverse slope of the indifference curve.
E) variant.

Correct Answer:

verifed

Verified

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

Related Questions

Q148: Refer to the following table to answer

Q149: When comparing two goods for purchase,it is

Q150: Suppose Annabelle's favorite ice cream flavor,strawberry,costs $1.50

Q151: A company in Irvine,California,is interested in buying

Q152: Diminishing marginal utility is a decline in

Q154: Suppose Chuck's favorite beverage is cold lemonade

Q155: Jon is at a sports bar watching

Q156: A consumer cannot be indifferent about two

Q157: Someone who is not a "morning person"

Q158: Draw the indifference curves for two goods

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines