If an Indifference Curve Is Bowed in Toward the Origin

question 13

Multiple Choice

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

• A)different for each bundle along the indifference curve
• 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)not likely to reflect relative value of goods

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Definitions:

Misbehavior

Actions or conduct that are inappropriate, disruptive, or violate social norms or rules.

Secondary Reinforcers

Stimuli that acquire their reinforcing power through their association with primary reinforcers.

Primary Reinforcers

Stimuli that satisfy basic survival needs and are innately reinforcing, such as food, water, and warmth.

Distinction

A discrepancy or divergence among alike objects or individuals.