Which of the Following Statements Is FALSE

question 96

Multiple Choice

Which of the following statements is FALSE?

• A) A consumer has only one indifference curve.
• B) A consumer possesses a preference map.
• C) An indifference curve is a curve that shows the combination of goods among which a consumer is indifferent.
• D) The marginal rate of substitution is equal to the magnitude of the slope of the indifference curve.
• E) Diminishing marginal rate of substitution means that the marginal rate of substitution decreases as more of the good is consumed.

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