The Marginal Rate of Substitution for the Good on the Horizontal

question 219

Multiple Choice

The marginal rate of substitution for the good on the horizontal axis is

• A) the consumer surplus.
• B) the same as the consumer's budget line.
• C) equal to the magnitude of the slope of the indifference curve.
• D) equal to the magnitude of the slope of the consumer surplus curve.
• E) equal to 1.0 if the indifference curves are linear.