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If an Individual's Utility Function Is Quasi-Concave,his or Her MRS

Question 5

Multiple Choice

If an individual's utility function is quasi-concave,his or her MRS will:


A) diminish as x is substituted for y.
B) increase as x is substituted for y.
C) be undefined except in special cases.
D) always depend only on the ratio of x to y.

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