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9. If indifference curves intersected, the assumptions of would be violated. (a) Nonsatiation (b) Rationality (c) Neutrality (d) Transitivity (e) (a) and ('0) (f) (a).
9. If indifference curves intersected, the assumptions of would be violated. (a) Nonsatiation (b) Rationality (c) Neutrality (d) Transitivity (e) (a) and ('0) (f) (a). (b). and (C) (9) (a). (b). and (d) 10. 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 4G/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
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