The diagram shows a student's indifference curves for hours of free time per day and final grade. Based on this graph, which of the following statements is correct? 100 Final grade 84 75 0 15 16 19 20 Hours of free time per day 24 For a given final grade, the student's marginal rate of substitution between free time and final grade is the same on all three indifference curves. The marginal rate of substitution at B is smaller than 9. The marginal rate of substitution at H is 0.25. The marginal rate of substitution is higher at D than at A.

The diagram shows a student's indifference curves for hours of free time per day and final grade. Based on this graph, which of the following statements is correct? 100 Final grade 84 75 0 15 16 19 20 Hours of free time per day 24 For a given final grade, the student's marginal rate of substitution between free time and final grade is the same on all three indifference curves. The marginal rate of substitution at B is smaller than 9. The marginal rate of substitution at H is 0.25. The marginal rate of substitution is higher at D than at A.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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