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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1225267
Introduction to Economics 1 Deneme Sınavı Sorusu #1225267
What does 'a diminishing marginal rate of substitution' assumption imlpy?
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A concave indifference curve |
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A convex indifference curve |
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A horizontal indifference curve |
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A vertical indifference curve |
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A linear indifference curve |
Yanıt Açıklaması:
A diminishing marginal rate of substitution is exhibited when indifference curves are convex, and the slope of the indifference curve increases (becomes less negative) as we move down along the curve. The answer is B.
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