Perfect Substitutes Produce an Indifference Curve with A(n)________ Marginal Rate

question 36

Multiple Choice

Perfect substitutes produce an indifference curve with a(n) ________ marginal rate of substitution.

• A) increasing
• B) decreasing
• C) inverse
• D) constant
• E) right-angle

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Definitions:

Cognitive Learning

The process of acquiring new knowledge or understanding through thought, experience, and the senses.

Conditioned Stimulus

A previously neutral stimulus that, after being paired with an unconditioned stimulus, elicits a conditioned response.

Ring Tone

A ring tone is the sound made by a telephone to indicate an incoming call or text message.

Feeling Happy

A state of well-being and contentment.