Essay
(Figure: Utility Functions I) What, if any, property of utility functions is violated if: 
a. the indifference curve goes through points A, C, and D?
b. the indifference curve goes through points B and E?
c. the indifference curve goes through points A, B, and D?
Correct Answer:
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a. Diminishing MRS: From point A to poin...View Answer
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