Suppose that Kat likes arrows and food. Kat's potential indifference curves for these two goods are shown. Some of these curves are drawn in a way that is inconsistent with assumptions usually made about utility. For each of the accompanying graphs, determine which indifference curve assumption is violated if any.

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Suppose that Kat likes arrows and food. Kat's potential indifference curves for these two goods are shown. Some of these curves are drawn in a way that is inconsistent with assumptions usually made about utility.

For each of the accompanying graphs, determine which indifference curve assumption is violated if any.

 

12
A.
В.
II
Il
Food
Food
12
Il
12
D.
C.
II
Food
Food
Arrows
Arrows
12
Arrows
Arrows
Transcribed Image Text:12 A. В. II Il Food Food 12 Il 12 D. C. II Food Food Arrows Arrows 12 Arrows Arrows
12
12
А.
В.
II
Il
Food
Food
These curves are consistent with assumptions
about utility.
Any point can appear on only one indifference curve.
Consumers experience diminishing marginal utility.
12
Il
Consumers get more utility from some goods
than others.
D.
More of a good is preferred to less.
Food
Food
Arrows
Arrows
Arrows
Transcribed Image Text:12 12 А. В. II Il Food Food These curves are consistent with assumptions about utility. Any point can appear on only one indifference curve. Consumers experience diminishing marginal utility. 12 Il Consumers get more utility from some goods than others. D. More of a good is preferred to less. Food Food Arrows Arrows Arrows
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