In the case of an indifference curve A)dU/dXdU/dY B)dU/dX = dU/dY C)dU/dX

Name: In the case of an indifference curve A)dU/dX>dU/dY B)dU/dX = dU/dY C)dU/dX<dU/dY D)dU/dX?dU/Dy
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Question

In the case of an indifference curve
A)dU/dX>dU/dY
B)dU/dX = dU/dY
C)dU/dX<dU/dY
D)dU/dX?dU/Dy

Quizplus · Accepted Answer

On an indifference curve, the marginal rate of substitution between two goods (X and Y) is equal, which means the change in utility from consuming a little more of one good is exactly offset by consuming a little less of the other, hence dU/dX = dU/dY.

In the Case of an Indifference Curve