Refer to the Following Indifference Curve

question 82

Multiple Choice

Refer to the following indifference curve.The marginal rate of substitution (MRS) between points A and B is

• A) -1
• B) -2
• C) -1/2
• D) 1/2
• E) 1

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Definitions:

Relative Frequency Distribution

A representation that shows the proportion or percentage of observations within a dataset that fall within particular intervals or categories.

Relative Frequency Histogram

A type of histogram that displays the proportion or percentage of observations within various categories or intervals.

Relative Frequency Histogram

A type of histogram that displays the relative frequencies (proportions or percentages) of values within a dataset.

Histogram

A graphical representation of the distribution of numerical data, where the data is divided into bins and the frequency of data in each bin is represented by the height of the bar.