Question: Rational preferences imply that... Which statement does not complete the sentence correctly? a . The marginal rate of substitution decreases as one moves down along

Rational preferences imply that... Which statement does not complete the sentence correctly?
a. The marginal rate of substitution decreases as one moves down along a indifference curve.
b. The indifference curves don't intersect.
c. The indifference curves are convex in relation to the origin.
d. The indifference curves have the same contour.
e. The indifference curves are downward sloping.
Rational preferences imply that... Which

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Rational preferences imply that... Which statement does not complete the sentence correctly? a. The indifference curves are convex in relation to the origin. b. The indifference curves don't...

Q:

Solve all of them with explanations True/False and Explain Multiple Choice Consumption Possibilities Consumption Possibilities 1. The budget line has a negative slope and is linear. 1. Which of the...

Q:

Please answer all the required questions in detail I hope the answer is not copy-paste I hope that the answer will be according to the concepts in the chapter 3 The following article summarizes the...

Q:

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

Q:

Multiple Choice QUESTION 21 After learning about indifference curves, Sandy realizes that her marginal rate of substitution of grapes for cheese is equal to 2. Since the price of cheese is $3 and the...

Q:

All the questions Exercise #1. A firm produces output using the technology y = 7 1.000 where capital, K, is measured in machine-hours, labor, L, is measured in person-hours, and y denotes the yearly...

Q:

Keep the Highest 2.3 / 5 1. Income inequality and the poverty rate The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every...

Q:

1.The paradox of value refers to the fact that A)different consumers value the same items differently. B)the value of a good depends on its total utility. C)water costs little, while diamonds cost a...

Q:

Please help me to answer the attached files ................................... INVESTMENT AND PORTFOLIO MANAGEMENT COURSE ASSESSMENT 1 Submission deadline without penalties is 12 October 2017....

Q:

Please help me to answer the following file ............................................................................................... INVESTMENT AND PORTFOLIO MANAGEMENT COURSE ASSESSMENT 1...

Q:

Take Coffee will locate nearby are of crossing three universities, backside of HUFS, 264-207 Imun-dong, Dongdaemun-gu, Seoul. We will rent approximately 100 square meter area with seating for 20-30...

Q:

How is acceleration indicated on a spacetime graph?

Q:

According to the trade - off theory, firms often view the debt - equity decision as a trade - off between Blank _ _ _ _ _ _

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...