The Marginal Rate of Substitution Measures

question 48

Multiple Choice

The marginal rate of substitution measures

• A) the impact of product substitution.
• B) the changes in marginal utility along the indifference curve.
• C) the consumer's willingness to substitute one product for another so that total utility will remain unchanged.
• D) the consumer's willingness to substitute one product for another so that marginal utility will remain unchanged.

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