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Which of the following statements is correct? The consumer's indifference curves are concave. An indifference curve is downward sloping because of the consumer's preference for

Which of the following statements is correct?

The consumer's indifference curves are concave.

An indifference curve is downward sloping because of the consumer's preference for diversity.

The consumer's budget constraint is bowed toward the origin.

When the consumer optimizes, the marginal rate of substitution of leisure for consumption equals the real wage rate.

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