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nakungth nakungth
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6 years ago
Consider the following three market baskets:

   Cheese   Crackers
A   5   8
B   15   6
C   10   7

If baskets A and B are on the same indifference curve and if indifference curves exhibit diminishing MRS:
A) C is preferred to both A and B.
B) A and B are both preferred to C.
C) C is on the same indifference curve as A and B.
D) There is not enough information to determine preferences for C relative to the other goods.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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