Along an Indifference Curve

question 372

Multiple Choice

Along an indifference curve

• A) the marginal rate of substitution is constant but not equal to zero.
• B) the consumer does not prefer one consumption point to another.
• C) the marginal rate of substitution is equal to 0.
• D) the consumer prefers some of the consumption points to others.

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Definitions:

Code of Ethics

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Laissez-Faire Economics

An economic philosophy of free-market capitalism that opposes government intervention. It suggests that economic systems function best when there is minimal interference by government in the affairs of the market.

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