Suppose that a consumer's indifference curve map does not obey the assumption of a diminishing MRS, then а. the individual will buy none of good X. b. tangencies of indifference curves to the budget constraint may not be points of utility maximization. С. the budget constraint cannot be tangent to an appropriate indifference curve. d. the individual will not maximize utility.

Suppose that a consumer's indifference curve map does not obey the assumption of a diminishing MRS, then а. the individual will buy none of good X. b. tangencies of indifference curves to the budget constraint may not be points of utility maximization. С. the budget constraint cannot be tangent to an appropriate indifference curve. d. the individual will not maximize utility.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section6.A: Indifference Curve Analysis

Problem 10SQ

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