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Suppose that Kat likes arrows and food. Kat's potential indifference curves for these two goods are shown. Some of these curves are drawn in a way that is inconsistent with assumptions usually made about utility. For each of the accompanying graphs, determine which indifference curve assumption is violated if . any. 12 А. В. II Food Food 12 12 D. С. Food Food Arrows

Suppose that Kat likes arrows and food. Kat's potential indifference curves for these two goods are shown. Some of these curves are drawn in a way that is inconsistent with assumptions usually made about utility. For each of the accompanying graphs, determine which indifference curve assumption is violated if . any. 12 А. В. II Food Food 12 12 D. С. Food Food Arrows

Microeconomics: Principles & Policy
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter5: Consumer Choice: Individual And Market Demand
Section5.A: Appendix Analyzing Consumer Choice Graphically: Indifference Curve Analysis
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Please see below. Note that the first picture shows the question and corresponding parts. The second picture shows the answer for each part. Please use those to answer a through d.
Suppose that Kat likes arrows and food. Kat's potential indifference curves for these two goods are shown. Some of these curves are drawn in a way that is inconsistent with assumptions usually made about utility. For each of the accompanying graphs, determine which indifference curve assumption is violated if any. 12 А. В. II Food Food 12 II С. Food Food
Transcribed Image Text:Suppose that Kat likes arrows and food. Kat's potential indifference curves for these two goods are shown. Some of these curves are drawn in a way that is inconsistent with assumptions usually made about utility. For each of the accompanying graphs, determine which indifference curve assumption is violated if any. 12 А. В. II Food Food 12 II С. Food Food
Suppose that Kat likes arrows and food. Kat's potential indifference curves for these two goods are shown. Some of these curves are drawn in a way that is inconsistent with assumptions usually made about utility. For each of the accompanying graphs, determine which indifference curve assumption is violated if any. 12 А. В. II Food Food These curves are consistent with assumptions about utility. More of a good is preferred to less. Any point can appear on only one indifference curve. Any point can appear on only one indifference curve. Consumers experience diminishing marginal utility. Consumers experience diminishing marginal utility. Consumers get more utility from some goods than others. Consumers get more utility from some goods than others. These curves are consistent with assumptions about utility. More of a good is preferred to less. Food Food Arrows
Transcribed Image Text:Suppose that Kat likes arrows and food. Kat's potential indifference curves for these two goods are shown. Some of these curves are drawn in a way that is inconsistent with assumptions usually made about utility. For each of the accompanying graphs, determine which indifference curve assumption is violated if any. 12 А. В. II Food Food These curves are consistent with assumptions about utility. More of a good is preferred to less. Any point can appear on only one indifference curve. Any point can appear on only one indifference curve. Consumers experience diminishing marginal utility. Consumers experience diminishing marginal utility. Consumers get more utility from some goods than others. Consumers get more utility from some goods than others. These curves are consistent with assumptions about utility. More of a good is preferred to less. Food Food Arrows
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