Multiple Choice
If two goods are both desirable and preferences are convex, then
A) there must be a kink in the indifference curves.
B) indifference curves must be straight lines.
C) if two bundles are indifferent, then an average of the two bundles is worse than either one.
D) the marginal rate of substitution is constant along indifference curves.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: If we graph Mary Granola's indifference curves
Q5: If good X is measured on the
Q6: Recall that Tommy Twit's mother measures the
Q7: Nancy's psychology teacher will give her a
Q8: A consumer who is unable to detect
Q10: The relation "is preferred to" between commodity
Q11: Tim consumes only apples and bananas.He prefers
Q12: Draw graphs with quantities of pepperoni pizza
Q13: Scholastica is taking a class from Professor
Q14: Charlie's indifference curves have the equation x<sub>B</sub>