(Table: Food and Clothing Bundles) Teddy enjoys consuming food and clothing.The table shows five bundles of food and clothing that all provide Teddy with the same amount of utility.If units of food were put on the horizontal axis, what does this table tell us about the shape of Teddy's indifference curve?

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Quizplus · Accepted Answer

The table indicates that as Teddy consumes more food, he consumes less clothing to maintain the same utility level, suggesting a downward sloping indifference curve with a declining marginal rate of substitution.

(Table: Food and Clothing Bundles) Teddy Enjoys Consuming Food and Clothing.The