The Slope of an Indifference Curve Is

question 217

Multiple Choice

The slope of an indifference curve is

• A)the rate of change of consumer's preferences.
• B)the marginal rate of preference.
• C)the marginal rate of substitution.
• D)always equal to the slope of the budget constraint.

---

Definitions:

Arithmetic Operations

The basic operations in mathematics, which are addition, subtraction, multiplication, and division.

Compound Interest

A method of calculating interest where the interest is added to the principal so that, from that moment on, the interest that has been added also earns interest.

Exponential Decay

A process by which a quantity decreases at a rate proportional to its current value.

Financial Calculation

The process of crunching numbers to determine outcomes related to investments, savings, profitability, and other financial metrics.