If a Given Allocation in Edgeworth Box Is Characterized by Same

question 44

Multiple Choice

If a given allocation in Edgeworth box is characterized by same MRS then:

• A)the allocation is not Pareto- optimal.
• B)the two indifference curves are concave.
• C)the two indifference curves intersect.
• D)the two indifference curves are tangent.

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Definitions:

Watson

John B. Watson is known as the founder of behaviorism, a theory of psychology that emphasizes observable behaviors over internal mental processes.

Learning

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