If an Indifference Curve Is Bowed in Toward the Origin

question 223

Multiple Choice

If an indifference curve is bowed in toward the origin, the marginal rate of substitution is

• A)not likely to reflect the relative value of goods.
• B)likely to be constant for all bundles along the indifference curve.
• C)likely to be identical to the price ratio for each bundle along the indifference curve.
• D)different for each bundle along the indifference curve.

---

Definitions:

Psychiatric Hospitals

Medical facilities specializing in the treatment and care of patients with severe mental disorders and psychological conditions.

Diagnose

The process of identifying a disease or condition from its symptoms and signs by a health professional.

Bulimia Nervosa

An eating disorder characterized by binge eating followed by purging, exercising, or other methods to prevent weight gain.

Laxatives

Substances that are used to stimulate bowel movements or alleviate constipation, often by softening the stool or increasing its bulk.