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Use diagrams to illustrate each of the following: (i) How the demand curve for one product is derived for a consumer using their indifference map. (3 marks) (ii) The equilibrium of a consumer (consumer satisfaction or utility is maximized) using indifference theory. (3 marks) (b) Provide a brief explanation of the following terms: (i) Production function (3 marks) (ii) Law of diminishing marginal returns (3 marks) (c) Explain the concepts of: (i) Overexploitation of natural resources (ii) Public goods (iii) Negative Externalities (iv) In
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