Suppose that a consumer's indifference curve map does not obey the assumption of a diminishing MRS, then а. the individual will buy none of good X. b. tangencies of indifference curves to the budget constraint may not be points of utility maximization. С. the budget constraint cannot be tangent to an appropriate indifference curve. d. the individual will not maximize utility.

Suppose that a consumer's indifference curve map does not obey the assumption of a diminishing MRS, then а. the individual will buy none of good X. b. tangencies of indifference curves to the budget constraint may not be points of utility maximization. С. the budget constraint cannot be tangent to an appropriate indifference curve. d. the individual will not maximize utility.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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