The rate at which a person is willing to give up a gallon of gasoline to get one more pound of coffee and remain on the same indifference curve is called his or her
A) relative cost of coffee in terms of gasoline.
B) indifference cost of coffee.
C) personal price of coffee.
D) marginal rate of substitution.
D
Economics
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With a closed economy and no government spending, the total demand for output is equal to ________
A) consumption per-worker plus investment per-worker B) consumption per-worker minus investment per-worker C) consumption per-worker times investment per-worker D) consumption per worker divided by investment per-worker
Economics
Use the above figure. Which graph depicts a normal good?
A) A B) B C) C D) D
Economics