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    Microeconomics Study Set 49
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    Exam 3: Consumer Preferences and the Concept of Utility
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    If an Indifference Curve Is Convex, the Marginal Rate of Substitution
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If an Indifference Curve Is Convex, the Marginal Rate of Substitution

Question 21

Question 21

True/False

If an indifference curve is convex, the marginal rate of substitution varies along the curve.

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