Along an Indifference Curve,if the MRS of Food (F)for Clothing

question 4

Multiple Choice

Along an indifference curve,if the MRS of food (F) for clothing (C) is 1F/2C,this means the consumer:

• A)has a stronger preference for clothes than for food.
• B)would be willing to give up 1 unit of food for 2 units of clothing,and would be better off with the exchange.
• C)would be willing to give up 1 unit of food for 2 units of clothing,but his or her total utility will not increase.
• D)would be willing to give up 2 units of food for 1 unit of clothing.