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True or false. The first word of your answer has to be either true or false.
If the first word of your answer is not true or false, you receive 0 points. If the statement is
true you are finished answering. If your answer is false, briefly explain why it is false.
a. “Indifference curves are drawn negatively sloped because consumers are assumed to prefer variety.”
b. “ Based on the indifference curve below, the consumer is indifferent between 12 pounds of apples per week and 4 pounds of chicken per week.”
c. “If the MRS_{xy} is constant, X and Y are perfect complements.”
d. “An indifference curve shows affordable combinations of goods.”
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