The following diagram shows one indifference curve representing the preferences for goods X and Y for one consumer. What is the marginal rate of substitution between points A and B?
A) 2/5
B) 1
C) 5/2
D) 3
Correct Answer:
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Q305: Figure 21-11 Q310: Figure 21-13 Q323: The rate at which a consumer is Q324: The marginal rate of substitution is Q326: Clark enjoys fishing and hunting. He divides Q327: The slope of an indifference curve is Q328: If an indifference curve is bowed in Q329: As long as a consumer remains on Q330: Bundle L contains 10 units of good Q336: Indifference curves tend to be bowed inward
A)the slope
A)the
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