If an Indifference Curve Is Bowed Inward Toward the Origin,what

question 137

Multiple Choice

If an indifference curve is bowed inward toward the origin,what do we know about the marginal rate of substitution

• A)It is not likely to reflect the relative value of goods.
• B)It is likely to be constant for all bundles along the indifference curve.
• C)It is likely to be identical to the price ratio for each bundle along the indifference curve.
• D)It is different for each bundle along the indifference curve.

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