What is a consumer's marginal rate of substitution?
As the consumer moves along an indifference curve, the marginal rate of substitution between goods X and Y

Question

What is a consumer's marginal rate of substitution? 
 As the consumer moves along an indifference curve, the marginal rate of substitution between goods  X  and  Y

Accepted Answer

is the rate at which a consumer gives up the good measured on the  y -axis to get an additional unit of the good measured on the  x -axis.

Answer

is greater than the magnitude of the slope of the budget line.

Answer

is equal to the slope of the budget line.

Answer

is the amount of good  Y  the consumer must give up to move to a higher indifference curve.

Answer

increases and more of the good measured on the  x -axis is bought.

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What is a consumer's marginal rate of substitution? As the consumer moves alon...

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