If indifference curves cross, then:Oa. consumers minimize their satisfaction.the assumption of transitivity is violated.b.Ocall of the aboveOd. the assumption of a diminishing marginal rate of substitution is violated.

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If indifference curves cross, then: Oa. consumers minimize their satisfaction. Ob. the assumption of transitivity is violated. Oc all of the above O d. the assumption of a diminishing marginal rate of substitution is violated.

If indifference curves cross, then: Oa. consumers minimize their satisfaction. Ob. the assumption of transitivity is violated. Oc all of the above O d. the assumption of a diminishing marginal rate of substitution is violated.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section6.A: Indifference Curve Analysis

Problem 2SQ

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Question

If indifference curves cross, then:
Oa. consumers minimize their satisfaction.
the assumption of transitivity is violated.
b.
Oc
all of the above
Od. the assumption of a diminishing marginal rate of substitution is violated.

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