Which of the following is NOT a property of well-behaved (regular) indifference curves? A. Indifference curves are downward sloping. B. Indifference curves are convex to the origin. C. A higher indifference curve represents greater satisfaction. D. Two indifference curves can be tangent to each other at one point without intersecting. E. The MRS of X for Y is equal to the ratio of marginal utilities MUx/MUy.

Which of the following statements explain why indifference curves slope downwards from left to right? (a) Diminishing marginal utility of goods (b) Diminishing marginal rate of substitution (MRS) between two goods (c) Diminishing marginal rate of technical substitution (d) Ordinal measurability of utility (e) Diminishing marginal utility of money

Which of the following statements correctly describe the properties of Indifference Curves? A. Indifference curves are convex to the origin due to the principle of Diminishing Marginal Rate of Substitution. B. Two indifference curves representing different levels of satisfaction can never intersect each other. C. A higher indifference curve, lying further to the right of another, represents a higher level of satisfaction. D. Indifference curves are typically positively sloped, meaning satisfaction is maintained while consuming more of both goods. Choose the most appropriate answer from the options given below: