9. 10. 11. If indifference curves intersected, the assumptions of would be violated. (a) Nonsatiation (b) Rationality (c) Neutrality (d) Transitivity (e) (a) and (h) (f) (a). (b). and (C) (Q) (a). (b). and (d) Given an indifference curve for gelato (G) and tea (T), if the consumer is located at a point along the curve where the MRSGJ is 46/1 T, this means that the consumer: (a) Prefers gelato over tea. (b) Would be willing to give up 4 unit(s) of tea for 1 unit(s) of gelato. (c) Would be willing to give up 1 unit(s) of gelato for 4 unit(s) of tea, and would be better off by making the exchange. (d) Would be willing to give up 4 unit(s) of gelato for 1 unit(s) of tea. A tight-knit community frequently has block parties involving lots of burgers (x-axis) and beer (y-axis). The communities collective disposable income for one such block party is $120. The market prices of burger patties and beer are $1 and $3 respectively. The community spends all of their collective disposable income, and the marginal rate of substitution at their current consumption point is -4 (Le. 4Burgers/ 1Beer), so to maximize their utility, they should consume: (a) More of both Burgers and Beer than they are currently consuming. (b) Less of Burgers and More of Beer than they are current consuming. (c) More of Burgers and Less of Beer than they are currently consuming. (d) Less of both Burgers and Beer than they are currently consuming