Indifference Curves Are Convex to the Origin If

question 138

Multiple Choice

Indifference curves are convex to the origin if

• A)a person's marginal rate of substitution declines as he or she consumes more of a good.
• B)a person's marginal rate of substitution increases as he or she consumes more of a good.
• C)the law of diminishing marginal utility holds.
• D)a and c
• E)none of the above

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Authority Compliance

A management approach focusing on strict adherence to rules and regulations, often at the expense of organizational flexibility and employee satisfaction.

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