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  3. 4 consider the following indifference curves for adam ben cara...

Question: 4 consider the following indifference curves for adam ben cara...

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4. Consider the following indifference curves for Adam, Ben, Cara, and Doug. Which of the following statements is FALSE? ra cDoug am Ben IC (a) Adam likes Y and is neutral towards X (b) Ben always likes X and experiences a diminishing marginal utility. He likes a little bit of Y, but dislikes a lot of Y. When Y is a good it exhibits diminishing marginal utility, and when Y is a bad it exhibits increasing marginal disutility (i.e. each additional unit is worse than the last) (c) Cara likes Y and dislikes X. Her marginal utility of X is constant while her (d) Doug dislikes both X and Y and experiences decreasing marginal disutility for (e) None of the above statements are false marginal utility of Y is increasing each (i.e. each additional unit is not as bad as the last

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