If the Marginal Rate of Substitution Is Not Diminishing, It

question 16

True/False

If the marginal rate of substitution is not diminishing, it must mean that tastes violate convexity (assuming that our other assumptions about tastes hold).

---

Definitions:

Dysthymia

A persistent depressive disorder characterized by a chronic form of depression with less severe symptoms than major depressive disorder.

Euphoria

A feeling or state of intense excitement and happiness.

Anergia

A lack of energy or physical strength, often seen as a symptom in depressive disorders or chronic health conditions.

Electroconvulsive Therapy (ECT)

A medical treatment involving electric currents passed through the brain to treat severe mental disorders.