Higher Indifference Curves Are Preferred to Lower Ones as Long

question 409

Multiple Choice

Higher indifference curves are preferred to lower ones as long as the

• A)marginal rate of substitution is diminishing.
• B)products in the bundle are "bads" and not "goods."
• C)products in the bundle are "goods" and not "bads."
• D)budget constraint does not shift.

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