A constant marginal rate of substitution between two goods implies that they are
A) unattainable.
B) perfect substitutes.
C) independent goods.
D) perfect complements.

Question

Quizplus · Accepted Answer

A constant marginal rate of substitution implies that the consumer is willing to substitute one good for another at a constant rate, indicating that the two goods are perfect substitutes for each other.

A Constant Marginal Rate of Substitution Between Two Goods Implies