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The Slope of an Indifference Curve

Question 132
Multiple Choice

The slope of an indifference curve A) is calculated by dividing the price of good on the vertical axis by price of the good on the horizontal axis. B) measures total utility. C) measures the marginal rate of substitution between the two goods in question. D) is calculated by dividing the quantity of the good on the vertical axis by the quantity of the good on the horizontal axis.

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The absolute value of the slope of the budget constraint is equal to A) the marginal rate of substitution between the two goods in question. B) the price of good on the vertical axis divided by the price of the good on the horizontal axis. C) the price of good on the horizontal axis divided by the price of the good on the vertical axis. D) quantity of the good on the vertical axis divided by the quantity of the good on the horizontal axis.
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