The Marginal Rate of Substitution

question 47

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 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.

---

Definitions:

Internal Communication

The transmission of information and messages within an organization among its members or employees.

Text Messaging

The act of sending short messages electronically, typically from one mobile phone to another.

Abbreviations

Shortened forms of words or phrases, used to save space or avoid repetition.

Written Communication

The process of conveying messages or information through written texts, including letters, emails, reports, and social media postings.