Using Indifference Curve Analysis, an Optimum Is Characterized by

question 137

Multiple Choice

Using indifference curve analysis, an optimum is characterized by

• A) the marginal rate of substitution of one good divided by its price equal to the marginal rate of substitution of the other good divided by its price.
• B) the marginal rate of substitution being equal to one.
• C) the marginal rate of substitution being equal to zero.
• D) the marginal rate of substitution being equal to the ratio of the prices of the two goods.

---

Definitions:

Self-report

A method of gathering data where participants directly report their own experiences, attitudes, or behaviors, typically through questionnaires or interviews.

Behavioral

involves actions or reactions of individuals or systems in response to external or internal stimuli, often studied in psychology and behavioral sciences.

Psychological

Pertaining to the mind or mental processes and how they affect behavior, feelings, and thinking.

Electromyogram

An electromyogram (EMG) is a diagnostic procedure to assess the health of muscles and the nerve cells that control them (motor neurons) by recording the electrical activity produced by skeletal muscles.