tacobell264 tacobell264
  • 13-01-2021
  • Business
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The marginal rate of substitution measures the distance between one indifference curve and the next one. True False

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jepessoa
jepessoa jepessoa
  • 14-01-2021

Answer:

False

Explanation:

The marginal rate of substitution measures what amount of good X a consumer is willing to give up in order to consumer an additional unit of good Y. It is a useful tool when you try top analyze consumer behavior and preferences between two goods.

It is represented by the slope of an indifference curve, it does not measure the distance between indifference curves.

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