earc 2. (2 pts) What does an indifference curve represent? queli tal Ma 316@ -) 902- 3. (2 pts) The tangency of an indifference curve and a budget line: a. gives the utility maximizing combination of two products b. can be determined without regard to the prices of the two goods C. is found where the slope of the indifference curve (MRS) is equal to the inverse price ratio (IPR) d. both (a) and (c) 4. (6 pts) Given the following changes in a consumer's budget constraint, please indicate in writing what caused the budget constraint to change for each example. Quentity of ned b Hembergers LLL of These 10 18 " 10 18 20 10 16 20 ere yo 5. (3 pts) Given the set of indifference curves on the next page, calculate the Marginal Rate of Substitution for the following pairs of points: A and B; C and D; E and F. orwar