1.If your MRSyx is 4/2 and mine is 2/1, I like Y more than you do. True or False (2marks) 2. As one becomes older, tastes change such as comfortable clothes become more important to you then fashionable clothes. Consumer A is the older person. True or False . (2 marks) Comfortable clothes Consumer B Consumer A Fashion clothing 3. Consumer B likes product Y more than does Consumer A. True or False (2 marks) Y Consumer A Consumer B X 4. Indifference curves are convex to the origin because of the law of diminishing marginal utility. Y X