Multiple Choice
slope of an indifference curve
A) shows the change in utility from an additional unit of the good.
B) shows the rate at which the consumer is able to substitute goods in the market.
C) is equal to the price ratio at all points.
D) is the rate at which the consumer is willing to exchange one good for another,utility held constant.
E) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q37: The following figure shows a portion of
Q38: The figure below shows a consumer maximizing
Q39: Mary prefers bananas to plums and plums
Q40: The following figure shows a portion of
Q41: In the following graph the consumer's income
Q43: The figure below shows a consumer maximizing
Q44: Marginal utility is<br>A)the utility obtained from the
Q45: In the following graph the price
Q46: Ronald,who consumes only hamburgers and hot dogs,has
Q47: What is the equation for budget line