Multiple Choice
The marginal rate of substitution measures
A) the impact of product substitution.
B) the changes in marginal utility along the indifference curve.
C) the consumer's willingness to substitute one product for another so that total utility will remain unchanged.
D) the consumer's willingness to substitute one product for another so that marginal utility will remain unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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