The slope at any point on an indifference curve is known as ? – McqOptions

MCQOPTIONS

1.	The slope at any point on an indifference curve is known as ?
A.	the marginal rate of substitution
B.	the marginal rate of trade-off.
C.	the trade-off rates
D.	the marginal rate of indifference
Answer» B. the marginal rate of trade-off.

Discussion

No Comment Found

Related MCQs

Which of the following is not true regarding the outcome of a consumer’s optimization process ?
indifference curves for perfect substitutes are ?
If consumption when young and when old are both normal goods, an increase in the interest rate ?
Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 A pair of socks is ?
If income where to double and prices were to to double the budget line would ?
The change in consumption that results when a price change moves the consumer along a given indifference curve is known as the ?
Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 If the price of a belt is €10 and the price of a pair of socks is €5, the consumer will choose to buy the commodity bundle represented b point ?
If leisure is a normal good, an increase in the wage ?
Which of the following statements is not true with regard to the standard properties of indifference curves ?
Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 Suppose that the price of a pair of socks falls from €5 to €2 The income effect is represented by the movement from point ?