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Using the below figure of various indifference curves, which of the following statements are correct? Select one correct answer. Group of answer choices 1.The student
Using the below figure of various indifference curves, which of the following statements are correct?
Select one correct answer.
Group of answer choices
1.The student prefers a grade of 54 to 50 regardless of the number of hours of free time possible
2.The student prefers point A to point E since they have a higher grade
3.The marginal rate of substitution is larger at point D than at point H
4.The marginal rate of substitution is larger at point A than at point B
100 84 75 H 54 50 Final grade 15 16 19 20 24 Hours of free time per dayStep by Step Solution
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