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Question 4

One of the following is not a property of an indifference curve

  • A.Negative slope
  • B.non-intersection of difference curve
  • C.higher indifference curve equals higher utility
  • D.decreasing rate of technical substitution
Objective

Question details

Exam body
ABU
Subject
Economics
Year
2013/2014
Question no.
#4
Type
Objective
Previous · Q3The law of diminishing marginal utility states that Next · Q5 With a given level of money income, a consumer maximizes satisfaction from the…

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