If a consumer s marginal rate of substitution IES Portal NET JRF

Question 4 / 11: 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

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NET JRF Mock Test #1: Microeconomics

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