(Solved): Answer if its convexity or monotonicityAnswer which graph it is  2. Indifference curves and ass ...

2. Indifference curves and assumptions The standard assumptions that economists make in consumer choice theory are complete tastes, transitive tastes, monotonicity, convexity, and continulty, Under these assumptions, you can draw an indifference curve (IC) as a curve convex to the original, where a higher level of happiness is represented by indifference curves in the northeast direction. This is represented by a higher number labeliing the curve that represents a higher level of happinesst Suppose that one of these assumptions is violated. Specifically, having more bugs and more rubbish in your house makes you less happy, In this case, the assumption of is violated for both bugs and rubbish. Use the graphs to Sons that follow, Indicate which of the following images represents the indifference curves for rubbish and bugs, given this missing Use the graphs to answer the questions that follow. Indicate which of the following images reprosents the indifference curves for rubbish and bugs, given this missing assumption. Which of the previous graphs represents the indifference curves for rubbish and bugs, given the violated assumption? Graph A Graph B Graph C