Question

The slope of the indifference curve is the ratio of the A. marginal utility of ice cream cones to the marginal utility of ice cream sandwiches. B. marginal utility of ice cream sandwiches to the marginal utility of ice cream cones. C. total utility of ice cream cones to the total utility of ice cream sandwiches. D. total utility of ice cream sandwiches to the total utility of ice cream cones.

Answer 1

Answer: A. marginal utility of ice cream cones to the marginal utility of ice cream sandwiches.

Explanation: The indifferent curve is graph that shows combination of two product that give consumers utility and satisfaction. The graph is showing two product that consumer consumes.

The slope of an indifferent curve is called marginal rate of substitution MRS, it declines when the quantity of X increases relative to the quantity of Y. it has a negative slope it slopes downwards

Answer 2

Answer: marginal utility of ice cream cones to the marginal utility of ice cream sandwiches.(A)

Step-by-step explanation:

Indifference curve is the graph showing the combination of two goods that provide the consumer equal utility and satisfaction. Every point on the indifference curve shows that a consumer is indifferent with regards to the two goods and all points will give him the same utility.

The slope of the indifference curve is also called the marginal rate of substitution and it declines as the quantity of X rises relative to the quantity of Y.