When indifference curves are shaped as right angles ?
I. In the case of perfect complementary products
II. When MRS is zero
III. When MRS is infinite
IV. When prices are declining
Codes :
1
IV only
2
I and II
3
I, II and III
4
I, II, III and IV
When indifference curves are shaped as right angles ?
I. In the case of perfect complementary products
II. When MRS is zero
III. When MRS is infinite
IV. When prices are declining
Codes :