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Which of the following is a property of an indifference curve? a)-(Answered)

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Question

Which of the following is a property of an indifference curve?

a) It is convex to the origin.

b) The marginal rate of substitution is constant as you move along an indifference curve.

c) Marginal utility is constant as you move along an indifference curve.

d) Total utility is greatest where the 45 degree line cuts the indifference curve.

 

Paper#9209223 | Written in 27-Jul-2016

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