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The absolute value of the slope of the indifference curve equals the marginal rate of substitution. If two goods were perfect substitutes, what would the indifference curves look like? Explain.

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Related questions

14) At the best affordable point, which statement is true? A) The marginal rate of substitution between two goods equals their absolute price. B) Other points on the same indifference curve are affordable but not preferred. C) The slope of the indifference curve equals the slope of the budget line. D) The highest affordable indifference curve has the same intercept as the budget line. E) Some income is not spent.

25) At the best affordable point, which statement is true? A) The slope of the indifference curve equals the slope of the budget line. B) The marginal rate of substitution between two goods equals their absolute price. C) The highest affordable indifference curve has the same intercept as the budget line. D) Other points on the same indifference curve are affordable but not preferred. E) Some income is not spent.

10) At the best affordable point, which statement is true? A) The marginal rate of substitution between two goods equals their absolute price B) Other points on the same indifference curve are affordable but not preferred C) The slope of the indifference curve equals the slope of the budget line. D) The highest affordable indifference curve has the same intercept as the budget line. E) Some income is not spent

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