Diminishing Marginal Rate of Substitution Can Be Seen When Indifference

question 77

Multiple Choice

Diminishing marginal rate of substitution can be seen when indifference curves

• A)cross.
• B)are concave.
• C)are downward sloping.
• D)become flatter as we move down and to the right.

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Definitions:

Medulla

An essential part of the brainstem involved in regulating several vital functions, including breathing, heart rate, and blood pressure.

Central Nervous System

The part of the nervous system that comprises the brain and spinal cord, responsible for processing and sending out information.

Sensory Neurons

Nerve cells that transmit sensory information (sight, sound, feeling, etc.) to the brain or spinal cord.

Parasympathetic

Refers to the part of the autonomic nervous system that conserves energy by slowing the heart rate, increasing intestinal and gland activity, and regulating the relaxation response.