Problem
1. Give as many reasons as you can why we believe that economists assume that the more-is-better property holds and explain.
2. Can an indifference curve be downward sloping in one section, but then bend backward so that it forms a "hook" at the end of the indifference curve?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.