Which One of the Following Assumptions About Indifference Curves Is

question 62

Multiple Choice

Which one of the following assumptions about indifference curves is incorrect?

• A)Consumers usually prefer more to less.
• B)Consumers' preferences are transitive.
• C)The marginal rate of substitution declines along an indifference curve.
• D)Declining MRS implies that indifference curves are concave to the origin.

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Definitions:

Bipennate

A type of muscle fiber arrangement where fascicles are attached obliquely from either side of a central tendon, resembling a feather.

Convergent

Pertaining to structures or processes that come together or blend, often used in the context of evolutionary biology or plate tectonics.

Parallel

Describes lines or structures that are side by side and having the same distance continuously between them.

Depressor Anguli Oris

The depressor anguli oris is a facial muscle that contributes to the downward movement of the corners of the mouth, expressing sadness or frowning.