Which of the Following Statements Is True

question 41

Multiple Choice

Which of the following statements is true?

• A) Because total utility is constant along an indifference curve, the marginal rate of substitution is also constant.
• B) If an indifference curve is convex, the marginal rate of substitution varies along the curve.
• C) The slope of an indifference curve measures the consumer's marginal rate of substitution.
• D) Both b) and c) are true.

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Definitions:

Supportive Communication

A style of communication characterized by expressing empathy, concern, and respect towards others to foster a positive relationship.

Congruent

In agreement or harmony, marked by compatibility between individuals, actions, or things.

Problem

A situation or question that presents difficulty, uncertainty, or challenge, which needs to be solved or answered.

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A communication technique that involves giving full attention to the speaker, understanding their message, and responding thoughtfully.