Card 6 / 15: If a consumer’s marginal rate of substitution equals 2 eggs for 1 mango, Which of the following statements must be necessarily true ?
A)
the consumer’s indifference curve must be positively sloped
B)
the consumer’s indifference curve must be convex with respect to the origin
C)
the ratio of the consumer’s marginal utility of 1 egg to that of 1 mango must equal ½.
D)
all of the above are true
Answer:
C) the ratio of the consumer’s marginal utility of 1 egg to that of 1 mango must equal ½.
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