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Read the following statements carefully and …

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Read the following statements carefully and choose the correct alternative from the following: Statement 1 - Slope of Indifference Curve shows MRS. Statement 2 – The indifference curve is not convex to the origin in the case of two normal goods. a) Both the statements are true. b) Both the statements are false. c) Statement 1 is true and Statement 2 is false. d) Statement 2 is true and Statement 1 is false.
  • 1 answers

Gurnoor Punia 4 years, 2 months ago

Statement 1 is true.statement 2 is false
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