The Following Diagram Shows One Indifference Curve Representing the Preferences

question 364

Multiple Choice

The following diagram shows one indifference curve representing the preferences for goods X and Y for one consumer.
What is the marginal rate of substitution between points A and B?

• A) 1/2
• B) 4/3
• C) 2
• D) 3

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Definitions:

Explode The Slice

In the context of pie charts, a feature that allows individual sections (slices) to be visually separated from the rest of the chart to emphasize specific data points.

Pie Chart

A type of graph in which a circle is divided into sectors that each represent a proportion of the whole, commonly used in statistics and reporting to illustrate numerical proportions.

Data Point

A singular, specific piece of information or measurement, often used in the context of analytics or statistical analysis.

Source File

The original file containing code or data, which can be compiled or processed to produce some kind of executable output or interpretation.