The marginal rate of substitution
A) is minus the slope of the indifference curve.
B) can be computed by measuring the curvature of the indifference curve.
C) cannot be deduced from the properties of the indifference curve.
D) can only be computed if we know the prices of all goods.
A
Economics
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Unless demand is changing, price and quantity will
A) be proportionate. B) move in opposite directions. C) move in the same direction. D) fluctuate cyclically. E) remain constant.
Economics
Monetarists argue that business fluctuations are caused by
A. excessive government spending. B. ups and downs in the growth of the money supply. C. changes in tax rates. D. changes in transfer payments.
Economics