If a consumer’s marginal rate of substitution of good X for good Y (MRSXY) is equal to 2, then the: A. consumer is willing to give up two units of X for one unit of Y. B. slope of a line tangent to...


If a consumer’s marginal rate of substitution of good X for good Y (MRSXY) is equal to 2, then the:


A. consumer is willing to give up two units of X for one unit of Y.


B. slope of a line tangent to the indifference curve at that point is 2.


C. slope of a line tangent to the indifference curve at that point is 2.





Dec 07, 2021
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