Suppose the Marginal Rate of Substitution of X for Y

question 11

Multiple Choice

Suppose the marginal rate of substitution of x for y is given by MRS_{x, y} = 5x/7y

• A) The indifference curves will be bowed away from the origin.
• B) The indifference curves will be bowed in towards the origin.
• C) The indifference curves will be straight lines.
• D) It is not possible to tell the shape of the indifference curves with only this information.

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