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Question: 5 rachel has preferences that can be described by the...

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5. Rachel has preferences that can be described by the utility function Rachel likes X and likes it dislikes it the more she consumes. Rachel dislikes Y and the more she consumes. Her indifference curves slope rate. (a) less and less; more and more; upward; an increasing (b) more and more; less and less; upward; an increasing c) less and less; more and more; downward; an increasing (d) more and more; less and less; upward; a decreasing (e) less and less; more and more; upward; a decreasing 6. For which of the following utility functions will the corresponding indifference curves slope downward at an increasing rate? (e) None of the above functions

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