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Which One of the Following Assumptions About Indifference Curves Is

Question 62

Multiple Choice

Which one of the following assumptions about indifference curves is incorrect?


A) Consumers usually prefer more to less.
B) Consumers' preferences are transitive.
C) The marginal rate of substitution declines along an indifference curve.
D) Declining MRS implies that indifference curves are concave to the origin.

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