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    The slope of an indifference curve is measured by:​
    Question

    The slope of an indifference curve is measured by:

    A.

    marginal rate of transformation

    B.

    marginal rate of technical substitution

    C.

    marginal rate of effective exchange

    D.

    marginal rate of substitution

    Correct option is D

    The correct answer is (d) marginal rate of substitution 

    Explanation: ​The slope of an indifference curve is measured by marginal rate of substitution.

    Information Booster: Here are some other things to know about indifference curves:

    • Indifference curves are convex to the origin
    • No two indifference curves intersect
    • Consumers are more satisfied on indifference curves that are farther from the origin
    • To maximize utility, a consumer will choose to consume on the highest possible IC they can afford
    • The specific shape of indifference curves can be different for every person
    • A set of indifference curves is called an indifference map

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