If an Indifference Map for a Consumer Is Made Up

question 79

Multiple Choice

If an indifference map for a consumer is made up of straight, negatively- sloped lines, the marginal rate of substitution _______ as more of the good on the horizontal axis is consumed.

• A) diminishes
• B) does not diminish
• C) increases
• D) More information is needed to answer the question.

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Definitions:

Comparative Data

Information that is compared across different entities or time periods to identify trends, differences, or improvements.

Filter By Form

A feature in database management systems that lets users specify criteria for filtering data in a form-like interface.

Short Text

A data type used in databases and software to store text strings of limited length.

Criterion

A principle or standard by which something may be judged or decided, often used in data filtering or analysis.