QUESTION 73 Which of the following is not a property of a typical indifference c

Question

QUESTION 73 Which of the following is not a property of a typical indifference curve? d sloping .bbowed away from the origin o c a higher one is preferred to a lower one O d does not intersect another indifference curve QUESTION 74 Tha heoy ar ceta mer cse o o O b. supply of a firm's product O c demand for a firm's product O d profitability of a fim Remaining T QUESTION 75 Figure 21-14 Refer to Figure 21-14 Which of the graphs shown represent indifference cuives for perfect complements? a graph a b graph b c graph c d All of the above are correct

Explanation / Answer

1) bowed away from the origin is not a property of typical indifference crve.

so, correct option is B.

2) the theory of consumer choice provides the foundation for understanding the demand for a firm's product.

so, correct option is C.

3) perfect complements have a L- shaped indifference curve.

so, correct option is B.

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