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In the indifference map given below for goods X and Y, the further an indifference curve is to the right, the higher the level of
In the indifference map given below for goods X and Y, the further an indifference curve is to the right, the higher the level of utility will be. The level of utility increases in the direction of the arrow. Please explain how the following two properties are violated by the indifference curves shown in the graph. You must give an explanation.
The properties are:
1. More is Better
2. Diminishing Marginal Rate of Substitution
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