One Point on an Indifference Curve That Displays a Diminishing

question 25

Multiple Choice

One point on an indifference curve that displays a diminishing marginal rate of substitution between apples and oranges is 10 apples and 2 oranges;another is 8 apples and 4 oranges.Which of the following combinations of apples and oranges could also lie on this indifference curve?

• A)10 apples and 6 oranges
• B)6 apples and 7 oranges
• C)9 apples and 4 oranges
• D)8 apples and 3 oranges

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Definitions:

Tachometer

An instrument used to measure the rotation speed of a shaft or disk, as in a motor or other machine.

Solenoid

A type of electromagnet where the core is moved by the magnetic field when electrical current flows through the coil surrounding it, often used to control valves or actuators.

Actuator

An output device normally connected to an output module. Examples are an air valve and cylinder.