QUIZ1 - label all your axes and curves . You can use arrows...

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Econ 301: Intermediate Microeconomic Theory NAME: Korinna K. Hansen Quiz 1 Use graphs to solve the problems below. Be brief, but clear and neat. You can use the back of this page as scrap. We will not look at the back when grading this quiz, so you should present your complete answer by the question. Make sure that you
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Unformatted text preview: label all your axes and curves . You can use arrows to denote increases, shifts etc. No long full sentences are required for this quiz. (10 points) Use graphs and a good explanation to answer the following question: Do all indifference curves exhibit a diminishing marginal rate of substitution?...
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