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nakungth nakungth
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7 years ago
Use the following statements to answer this question:
I.   Following the properties of indifference curves, the utility possibilities frontier should be convex to (bowed into toward) the origin.
II.   The slope of the utility possibilities frontier equals -1 times the slope of the contract curve.
A) I and II are true.
B) I is true and II is false.
C) II is true and I is false.
D) I and II are false.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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7 years ago
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nakungth Author
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#2
6 years ago
Thanks, very pleased with your answer
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