Use the Following Statements to Answer This Question: I

question 121

Multiple Choice

Use the following statements to answer this question: I. Following the properties of indifference curves, the utility possibilities frontier should be convex to (bowed into toward) the origin.
II) The slope of the utility possibilities frontier equals -1 times the slope of the contract curve.

• A) I and II are true.
• B) I is true and II is false.
• C) II is true and I is false.
• D) I and II are false.

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