Practicing Success
Practicing Success
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| Marginal Rate of Substitution is the slope of which of the following? |
Demand curve Production possibility frontier Indifference curve Budget line |
| Indifference curve |
| Marginal Rate of Substitution is the slope of the "Indifference curve". It shows the quantity of one commodity that a consumer has to give up in order to consume one more additional unit of another commodity such that the level of total utility remains the same. |
