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Points on an indifference curve:

show consumption bundles that generate less satisfaction higher up the curve.

show consumption bundles that generate more satisfaction higher up the curve.

are generally unrelated to consumer satisfaction.

show consumption bundles that generate the same amount of satisfaction.

The marginal rate of substitution $($MRS$)$ is

the absolute value of the slope of the indifference curve.

the value of the slope of the indifference curve.

the absolute value of the slope of the budget constraint.

the value of the slope of the budget constraint.

The marginal rate of substitution $($MRS$)$ is

the absolute value of the slope of the indifference curve.

the value of the slope of the indifference curve.

the absolute value of the slope of the budget constraint.

the value of the slope of the budget constraint.

The marginal rate of substitution $($MRS$)$ is

the absolute value of the slope of the indifference curve.

the value of the slope of the indifference curve.

the absolute value of the slope of the budget constraint.

the value of the slope of the budget constraint.