Which one does NOT belong?
Exercise and reference answers
- Questions
- Items
- Slopes downward
- Slopes upward
- Same satisfaction throughout
- Usually convex to origin
- Reason
- An indifference curve slopes downward, never upward. The other three are genuine properties.
- Odd item
- Slopes upward
- Items
- Budget set
- Budget line
- Marginal cost
- Indifference curve
- Reason
- Marginal cost belongs to the theory of the firm. The other three are consumer concepts.
- Odd item
- Marginal cost
- Instructions
- Tap the item that does not belong with the rest.
Explanation
_Source: syllabus Introductory Microeconomics Ch2 Consumer Behaviour, 2.3 OPTIMAL CHOICE OF THE CONSUMER_