Which of the Following Is True of Contract Curves

question 31

Multiple Choice

Which of the following is true of contract curves?

• A)Every point on the contract curve indicates an inefficient distribution of goods among consumers.
• B)At any point on the contract curve,all the consumers have equal marginal rates of substitution.
• C)A movement along the contract curve indicates that,any trade that benefits one person will necessarily benefit the other.
• D)At every point on the contract curve,the marginal utility derived from the consumption of a good is identical for all the consumers.

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