The Marginal Rate of Substitution Measures the Tradeoff Between the

question 70

Multiple Choice

The marginal rate of substitution measures the tradeoff between the

• A)prices of two goods along a budget line.
• B)different values that two consumers place on a good.
• C)amount of one good the consumer is willing to give up in exchange for another good along an indifference curve.
• D)different indifference curves.
• E)amount of one good the consumer is willing to purchase and its own price.

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