Figure 21-14
-Refer to Figure 21-14. Which of the graphs illustrates indifference curves for which the marginal rate of substitution varies?
A)graph a
B)graph b
C)graph c
D)All of the above are correct.

Question

Figure 21-14   
-Refer to Figure 21-14. Which of the graphs illustrates indifference curves for which the marginal rate of substitution varies?
A)graph a 
B)graph b 
C)graph c 
D)All of the above are correct.

Quizplus · Accepted Answer

Graph c illustrates indifference curves where the marginal rate of substitution varies, as the curves are not straight lines, indicating a changing rate of substitution between the two goods.