The magnitude of the slope of an indifference curve at a particular point measures the
A) total utility.
B) marginal utility.
C) marginal rate of substitution.
D) total rate of substitution.
E) demand.

Question

Quizplus · Accepted Answer

The slope of an indifference curve represents the rate at which a consumer is willing to substitute one good for another while still remaining indifferent, known as the marginal rate of substitution (MRS). The magnitude of the slope measures the magnitude of the MRS.

The Magnitude of the Slope of an Indifference Curve at a Particular