Diminishing Marginal Rate of Substitution Can Be Seen When Indifference

question 7

Multiple Choice

Diminishing marginal rate of substitution can be seen when indifference curves

• A) cross.
• B) are convex.
• C) are downward sloping.
• D) become flatter as we move down and to the right.

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Definitions:

Death Penalty

The death penalty, also known as capital punishment, is a government-sanctioned practice whereby a person is put to death by the state as a punishment for a crime.

Racially Discriminatory

Practices, policies, or attitudes that lead to unequal treatment or outcomes for individuals based on race or ethnicity.

Capital Punishment

The legally authorized killing of someone as punishment for a crime, often referred to as the death penalty.

Death Penalty

A legal punishment involving the execution of an individual by the state as retribution for a crime.