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Diminishing Marginal Utility Is the Reason Most Indifference Curves

question 127

Multiple Choice

Diminishing marginal utility is the reason most indifference curves:


Definitions:

Payable

The status of an obligation that is due to be paid.

Instrument

A written legal document that formalizes an agreement or an obligation.

Drawer

In banking and finance, the person who writes or draws a check, draft, or bill of exchange.

Drawee

The party in a transaction upon whom a check, draft, or bill of exchange is drawn and who is directed to pay.

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