80 tablespoons each of cereal and juice.
40 tablespoons of cereal and 75 tablespoons of juice.
100 tablespoons of cereal and 67 tablespoons of juice.
The magnitude of the slope of an indifference curve is:
called the marginal rate of substitution.
equal to the ratio of the total utility of the goods.
always equal to the ratio of the prices of the goods.
all of the above.
(a) and (c) only.
If X and Y are perfect substitutes, which of the following assumptions about indifference curves is not satisfied?
completeness.
transitivity.
more is preferred to less.
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