Multiple Choice
Which of the following statements is FALSE?
A) A consumer possesses a preference map.
B) An indifference curve is a curve that shows the combination of goods among which a consumer is indifferent.
C) The marginal rate of substitution is the rate at which a consumer will give up good y to get more of good x and remain on the same indifference curve.
D) A consumer has only one indifference curve.
Correct Answer:

Verified
Correct Answer:
Verified
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