-In the figure above, the MRS at point A is _______ the MRS at point B.
A) less than
B) equal to
C) greater than
D) not able to be compared to

Question

-In the figure above, the MRS at point A is _______ the MRS at point B.
A) less than 
B) equal to 
C) greater than 
D) not able to be compared to

Quizplus · Accepted Answer

The Marginal Rate of Substitution (MRS) is the rate at which a consumer can give up some amount of one good in exchange for another good while maintaining the same level of utility. In the context of an indifference curve, the MRS is represented by the slope of the curve at any given point. At point A, the curve is steeper compared to point B, indicating a higher MRS at point A than at point B. Therefore, the MRS at point A is greater than the MRS at point B.

-In the Figure Above, the MRS at Point a Is