Question: Question 4: Please answer Question i and Question iii for each of the following indifference curves, IC a) K: d}. - Question i: Does the

Question 4: Please answer Question i and Question iii for each of the following indifference curves, IC a) K: d}. - Question i: Does the indifference curve represent monotone preferences? - Question ii: Does the indifference curve represent strictly convex. weakly convex, or nonconvex preferences? Note that if preferences are nonconvex for any set of bundles, they are considered to be non COI'WEX preferences. X X IC 3) IC b) x x lC c) IC d) Bundles inside the oval are preferred

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