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2. Consider the following three market baskets: Baskets Cheese Crackers A 5 8 B 15 6 C 10 7 If baskets A and B are

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2. Consider the following three market baskets: Baskets Cheese Crackers A 5 8 B 15 6 C 10 7 If baskets A and B are on the same indifference curve and if indifference curves exhibit diminishing MRS: (a) C is preferred to both A and B. (b) A and B are both preferred to C. (c) C is on the same indifference curve as A and B. (d) There is not enough information to determine preferences for C relative to the other goods

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