Appendix E Flashcards
(4 cards)
1
Q
The indifference curve for perfect substitutes is always
A
Linear
2
Q
Indifference curve tend to curve
A
inward, toward the origin
3
Q
A linear indifference curve is a property of perfect
A
substitutes
4
Q
Extra utility gained from consuming an additional unit of a good divided by its price gives us
A
the marginal rate of utility.
