If an Indifference Curve Is a Straight Line It Will

question 241

Multiple Choice

If an indifference curve is a straight line it will not show which of the following?

• A) any marginal rate of substitution
• B) diminishing marginal rate of substitution
• C) combinations of goods among which a consumer is indifferent
• D) None of the above answers is correct.

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Definitions:

Subject Matter

Refers to the topic, content, or substance of a legal case or document, which determines the jurisdiction and legal principles applicable.

Contract

An accord between several parties that carries legal weight and can be imposed by the law.

Voidable

A term referring to a contract or transaction that remains valid until one party decides to cancel or nullify it due to certain legal defenses.

Minor

An individual under the legal age of adulthood, which varies by jurisdiction but is commonly 18.