Multiple Choice
Along an indifference curve,if the MRS of food (F) for clothing (c.is 1F/2C,this means the consumer:
A) has a stronger preference for clothes than for food.
B) would be willing to give up 1 unit of food for 2 units of clothing,and would be better off with the exchange.
C) would be willing to give up 1 unit of food for 2 units of clothing,but his or her total utility will not increase.
D) would be willing to give up 2 units of food for 1 unit of clothing.
Correct Answer:

Verified
Correct Answer:
Verified
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