Consider the indifference map in the figure below: Which of the four basic assumptions about consumer preferences are violated by this indifference map?
A) More is better than less
B) Transitivity
C) Diminishing MRS
D) A and B are correct.
E) A and C are correct.

Question

Consider the indifference map in the figure below:  Which of the four basic assumptions about consumer preferences are violated by this indifference map?
A) More is better than less 
B) Transitivity 
C) Diminishing MRS 
D) A and B are correct. 
E) A and C are correct.

Quizplus · Accepted Answer

The Answer of Consider the indifference map in the figure below:  Which of the four basic assumptions about consumer preferences are violated by this indifference map?
A) More is better than less 
B) Transitivity 
C) Diminishing MRS 
D) A and B are correct. 
E) A and C are correct.

Consider the Indifference Map in the Figure Below: Which