Print Calculator Question 3 of 65 Map pling Suppose that Kat likes arrows and fo

Question

Print Calculator Question 3 of 65 Map pling Suppose that Kat likes arrows and food. Below are Kat's potential indifference curves for these two goods. Some of these curves are drawn in a way that's inconsistent with assumptions usually made about utility. Place the label in each box according to which assumption is violated. It is possible that one graph is drawn properly. Arrows Arrows Assumption that is violated Consumers experience diminishing marginal utility Consumers get more utility from some goods than others Food Food Any point can appear on only one ndifference curve These curves are consistent Arrows Arrows with assumptions about utility More of a good is better than less ood O Previous Next Check Answer Give Up & View Solution Ext Hint

Explanation / Answer

Diagram 3 = These curves are consistent with assumptions about utility.

Diagram 4 = Any point can appear on only one indifference curve.

Diagram 2 = Consumers experience diminishing marginal utility.

Diagram 1 = Consumers get more utility from some goods than others.

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.