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NOTE: All work must be shown on the paper; otherwise the mark will be zero. Whenever possible, use diagrams to illustrate your answer. ThiefFalse and

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NOTE: All work must be shown on the paper; otherwise the mark will be zero. Whenever possible, use diagrams to illustrate your answer. ThiefFalse and Explain (otherwise zero) LII my M1152); is 84?. and yours is 5:1, I like Y more than you do. True or False {3 marks} 2. Consumer B likes product X more than does ConsumerA. Consumer B Consumer A True or False (3 marks} 3. Indifference curves are convex to the origin because of the law of diminishing marginal utility. Y

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