Figure 3.1.3 -If Indifference Curves Cross, Then

question 61

Multiple Choice

Figure 3.1.3
-If indifference curves cross, then:

• A) the assumption of a diminishing marginal rate of substitution is violated.
• B) the assumption of transitivity is violated.
• C) the assumption of completeness is violated.
• D) consumers minimize their satisfaction.
• E) all of the above

---

Definitions:

Illegal Act

An illegal act refers to an action or conduct that is prohibited by law and subject to punishment or sanctions by legal authorities.

Remedial Action

Measures taken to rectify or mitigate damage, including cleanup or repair, especially in environmental contexts.

Auditor

A professional individual or firm tasked with examining and verifying financial statements and records to ensure accuracy and compliance.

Limited Liability Partnership

A partnership in which some or all partners have limited liabilities, protecting them from the debts and liabilities of the partnership beyond their investment.