What Happens to the Absolute Value of the Marginal Rate

question 182

Multiple Choice

What happens to the absolute value of the marginal rate of substitution as you move down a convex (bowed toward the origin) indifference curve?

• A)It increases.
• B)It decreases.
• C)It remains constant.
• D)It could increase or decrease.

---

Definitions:

Confidentiality

The principle of keeping certain information private, not disclosing it without proper authorization or necessity.

Immunizations

Administration of a vaccine to protect susceptible individuals from communicable diseases.

Half Brother

A male sibling who shares one biological parent with another sibling, making them genetically half-related.

Step Brother

A male sibling gained through the marriage of one’s parent to the parent of the other child, not related by blood.