2. Theory of consumption [' I Consider the following indifference curve in the two-good example. (a) Are axioms of consumer choice violated in the sketch? Explain the violation(s) using consumer bundles marked in the diagram. (b) Explain intuitively whether or not the shape of the curve can be characterised as concave, convex or quasiconcave. (0) Could the consumer with the below indifference curve still be considered rational? Include in your answer the axioms that need be met with respect to all possible bundles in the diagram