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a Secure I https:/www.fipitecon.com/Course/ViewProblem?unittemiD-36168208kenrollmentID-315555 Wednesday, July 25 4:30 PM FlipltEconCopy of Principles of Microeconom macmillan learning Eastern Washington University Unit 15: Prelecture / Bridge / Problems/ Problems: Indifference Curves Deadline: 100% until Thursday, July 26 at 11:00 PM 1) Recognizing indifference curves and their properties Mastery Item 1) A curve that shows the combinations of two goods that a consumer values equally is called a(n): a) indifference curve. O b) equal preference curve. c) equilibrium curve. d) market consumption curve. Submit 315555

Explanation / Answer

Q1. Answer is a. Indifference curve. Q2. Answer is a. C; B Q3. Answer is a. Diminishing Marginal utility Q4. Answer is b. 1.5

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