Question: 2. Consider a general utility functionw(en, 2) that is twice continuously differentiable, and exhibits positive and diminishing marginal utility in each argument. Use economic logic

2. Consider a general utility functionw(en, 2) that is twice continuously

differentiable, and exhibits positive and diminishing marginal utility in each argument. Use

2. Consider a general utility functionw(en, 2) that is twice continuously differentiable, and exhibits positive and diminishing marginal utility in each argument. Use economic logic and an indifference map to explain each of the following: (a) Indifference curves that lic further from the origin yield more utility. (b) Indifference curves cannot intersect. (@) Indifference curves are downwards sloping and convex to the origin

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