Business, 25.01.2020 04:31 tennispro154

Can a set of indifference curves be upward sloping? if so, what would this tell you about the two goods? a set of indifference curves

a.

cannot be upward sloping because this violates the assumption that more is better than less, indicating that one of the goods is a "neutral."

b. cannot be upward sloping because this violates the assumption of transitivity, indicating that one of the goods is a "neutral good."

c. cannot be upward sloping because this violates they the assumption of completeness, indicating that one of the goods is a"bad."

d.

cannot be upward sloping because this violates the assumption that more is better than less, indicating that one of the goods is a "bad."

e.

cannot be upward sloping because this violates the assumption of transitivity, indicating that preferences are not consistent.

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Can a set of indifference curves be upward sloping? if so, what would this tell you about the two g...

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