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Marginal rate of substitution is the slope of a point at the indifference curve. The value of marginal rate of substitution changes with movements along indifference curve. It gives the slope of indifference curve at a particular point.
So the answer is false , since it is not the slope of indifference curve rather it is the slope of a point on the indifference curve.
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Question 1 1 pts The Marginal Rate of Substitution is the slope...
Question 13 0.8 pts The marginal rate of substitution is obtained from two pointsthe indifference curve...
Question 13 0.8 pts The marginal rate of substitution is obtained from two pointsthe indifference curve O to the left of O along O above and below O to the right of O tangent to 0.8 pts
Question 31 2 pts Refer to the following indifference curve. The marginal rate of substitution (MRS)...
Question 31 2 pts Refer to the following indifference curve. The marginal rate of substitution (MRS) between points A and B is Slices of pizza A (1,5) 5 4+2 1-1 B (2,3) 3 +1 ! C (3,2) 2 -4 D (7,1) 1 Indifference curve 0 1 2 3 4 5 6 7 8 9 10 Cans of Pepsi O 1/2 -2 0-1/2 0 -1 O 1
can someone help me with this question? not sure if it is correct Question 1 1...
can someone help me with this question? not
sure if it is correct
Question 1 1 pts The slope of the budget constraint depends on... O the prices of the goods O Income O Income and prices of goods O No answer text provided.
. Given that the slope of an indifference curve at any point is the “marginal rate...
. Given that the slope of an indifference curve at any point is the “marginal rate of substitution” between Y and X explain/prove that MRS is equal to the ratio of the consumer’s marginal evaluation of good X to his/her marginal evaluation of good Y (i.e. MRS = -MUx/MUy). (2 pts)
what is the marginal rate of substitution (MRS)? a) The ratio of the amounts of the...
what is the marginal rate of substitution (MRS)? a) The ratio of the amounts of the two goods at a point on the indifference curve. b) The amount of one good that the consumers is willing to trade for one unit of the other. c) The change in the consumers utility when one good is substituted for another. d) The slope of the indifference curve.
The textbook says that the marginal rate of substitution is equal to the slope. Is it...
The textbook says that the marginal rate of substitution is equal to the slope. Is it a rule or there can be cases when slope and mrs have different values. Can you provide any examples on the graph?
can someone help me Question 7 1 pts Acute inflammation is a defense mechanism of the...
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Question 7 1 pts Acute inflammation is a defense mechanism of the immune system. All of the following is a benefit of inflammation except ONE. Select the exception. enlargement of blood vessels inflammation triggers antimicrobial peptides O increases the rate of tisssue repair diapedesis
Please help with these questions Question 16 0.8 pts The combinations that a consumer can afford...
Please help with these questions
Question 16 0.8 pts The combinations that a consumer can afford line, and the area underneath, contain all of the possible indifference 0 redaction O Maginot O optimization O budget constraint Question 17 0.8 pts Since two goods are subject to diminishing marginal utility, the marginal rate of substitution is O always increasing O variant constant. the inverse slope of the indifference curve. O always decreasing. Question 18 0.8 pts Utility is a balance between...
Can someone help me with this question please? 5. (3 pts) State whether the following statements...
Can someone help me with this question please?
5. (3 pts) State whether the following statements are True or False (a) All orthogonal matrices are invertible. (b) The least-squares solution of Ax- b is the point in the column space of A which is closest to b (c)If u is orthogonal to v, and v is orthogonal to w, then u is orthogonal to w
The marginal rate of technical substitution is a. the rate at which the firm can substitute...
The marginal rate of technical substitution is a. the rate at which the firm can substitute labor for capital while holding total cost constant. b. the rate at which the firm can substitute labor for capital while holding output constant. c. the slope of the isocost curve. d. both a and c e. none of the above
Question 13 0.8 pts The marginal rate of substitution is obtained from two pointsthe indifference curve O to the left of O along O above and below O to the right of O tangent to 0.8 pts
Question 31 2 pts Refer to the following indifference curve. The marginal rate of substitution (MRS) between points A and B is Slices of pizza A (1,5) 5 4+2 1-1 B (2,3) 3 +1 ! C (3,2) 2 -4 D (7,1) 1 Indifference curve 0 1 2 3 4 5 6 7 8 9 10 Cans of Pepsi O 1/2 -2 0-1/2 0 -1 O 1
can someone help me with this question? not
sure if it is correct
Question 1 1 pts The slope of the budget constraint depends on... O the prices of the goods O Income O Income and prices of goods O No answer text provided.
can someone help me
Question 7 1 pts Acute inflammation is a defense mechanism of the immune system. All of the following is a benefit of inflammation except ONE. Select the exception. enlargement of blood vessels inflammation triggers antimicrobial peptides O increases the rate of tisssue repair diapedesis
Please help with these questions
Question 16 0.8 pts The combinations that a consumer can afford line, and the area underneath, contain all of the possible indifference 0 redaction O Maginot O optimization O budget constraint Question 17 0.8 pts Since two goods are subject to diminishing marginal utility, the marginal rate of substitution is O always increasing O variant constant. the inverse slope of the indifference curve. O always decreasing. Question 18 0.8 pts Utility is a balance between...
Can someone help me with this question please?
5. (3 pts) State whether the following statements are True or False (a) All orthogonal matrices are invertible. (b) The least-squares solution of Ax- b is the point in the column space of A which is closest to b (c)If u is orthogonal to v, and v is orthogonal to w, then u is orthogonal to w
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