The Marginal Rate of Substitution

question 33

Multiple Choice

The marginal rate of substitution

• A)is the amount of good Y substituted for good X as a consumer moves along his budget line.
• B)is the rate at which a person gives up the good measured on the y-axis to get an additional unit of the good measured on the x-axis while remaining on the same indifference curve.
• C)increases as a consumer moves along her indifference curve and consumes more of the good measured on the x-axis.
• D)is greater than the magnitude of the slope of the budget line.
• E)is equal to the slope of the budget line.

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Definitions:

Cyclic Amides

Compounds characterized by a ring structure in which one or more of the atoms in the ring is part of an amide group.

Lactams

Cyclic amides formed from the reaction between an amino group and a carboxylic acid group within the same molecule.

IUPAC Name

The systematic method of naming chemical compounds as recommended by the International Union of Pure and Applied Chemistry (IUPAC).

Compound

A distinct chemical substance resulting from the combination of multiple elements into a molecule, exemplified by its specific chemical formula and molecular structure.