If an Indifference Curve Is Bowed in Toward the Origin

question 223

Multiple Choice

If an indifference curve is bowed in toward 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.