Correct Answer : C
Explanation :
Explanation :
constant marginal utility of money
Correct Answered :
Wrong Answered :
A
given scale of preferences as between different combinations of two goods
B
diminishing marginal rate of substitution
C
constant marginal utility of money
D
consumers would always prefer more of a particular good to less of it, other things remaining the same
constant marginal utility of money
Correct Answered :
Wrong Answered :
A
is above an indifference curve
B
is below an indifference curve
C
is tangent to an indifference curve
D
cuts an indifference curve
is tangent to an indifference curve
Correct Answered :
Wrong Answered :