If an Indifference Curve Is Bowed Out Away from the Origin

question 62

Multiple Choice

If an indifference curve is bowed out away from 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.

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