The Property of Diminishing Marginal Rate of Substitution Follows from the Property

question 29

Multiple Choice

The property of diminishing marginal rate of substitution follows from the property that the indifference curves are

• A) downward sloping.
• B) upward sloping.
• C) bowed in toward the origin.
• D) bowed out from the origin.
• E) negatively sloped.

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Definitions:

Tachypnea

A condition characterized by abnormally rapid breathing.

Tachycardia

A condition characterized by an abnormally fast heart rate, typically more than 100 beats per minute in adults.

Connective

Referring to connective tissue, which supports, binds together, and protects tissues and organs in the body.

Cartilage

A flexible connective tissue found in various parts of the body, such as the joints, rib cage, ear, nose, bronchial tubes, and intervertebral discs.