Moving Along an Indifference Curve,if a Consumer Requires a Large

question 216

Multiple Choice

Moving along an indifference curve,if a consumer requires a large amount of the good measured along the y-axis to make up for one unit less of the good measured on the x-axis,then

• A) total utility is increasing.
• B) the marginal rate of substitution is low and the indifference curve is flat.
• C) the marginal rate of substitution is low and the indifference curve is steep.
• D) the marginal rate of substitution is high and the indifference curve is steep.
• E) the marginal rate of substitution is high and the indifference curve is flat.

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Definitions:

Fatty Acid Derivatives

Prostaglandins, juvenile hormones of insects, and other compounds derived from fatty acids.

Endocrine Gland

An endocrine gland is a gland that secretes hormones directly into the bloodstream to regulate various bodily functions.

Target Tissue

Specific tissues or cells in an organism that are affected by specific hormones or drugs.

Glucagon

A hormone produced by the pancreas that raises blood glucose levels by promoting the breakdown of glycogen to glucose in the liver.