-In the figure above, at point A the consumer is willing to give up ________ pounds of pickles to get one additional pound of olives.
A) 8
B) 6
C) 1 1/3
D) 2

Question

-In the figure above, at point A the consumer is willing to give up ________ pounds of pickles to get one additional pound of olives.
A) 8 
B) 6 
C) 1 1/3 
D) 2

Quizplus · Accepted Answer

The consumer's willingness to trade pickles for olives is determined by the slope of the indifference curve at point A. The slope indicates the marginal rate of substitution, which is 1 1/3 pounds of pickles for one additional pound of olives.

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