The marginal rate of substitution is equal to the
a. slope of the indifference curve.
b. ratio of the prices of the two goods.
c. slope of the budget constraint.
d. All of the above are correct.
a
Economics
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The counterparty of someone buying a futures contract on the Chicago Board of Trade is::
A) Chicago Board of Trade B) hedger C) speculator D) trader
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Suppose that Amanda receives a pay increase. We would expect
a. to observe Amanda moving down and to the right along her given demand curve. b. Amanda's demand for inferior goods to decrease. c. Amanda's demand for each of two goods that are complements to increase. d. Amanda's demand for normal goods to decrease.
Economics