If a Consumer Is Always Indifferent Between an Additional One

question 124

Multiple Choice

If a consumer is always indifferent between an additional one grapefruit or an additional two oranges, then when oranges are on the horizontal axis the indifference curves:

• A) will be straight lines with a slope of -1/2.
• B) will be straight lines with a slope of -1.
• C) will be straight lines with a slope of +1/2.
• D) will be right angles whose corners occur on a ray from the origin with a slope of +2.
• E) none of the above

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Definitions:

American Colonies

The original thirteen British colonies in North America that declared independence in 1776 to form the United States.

1700s

The 18th century, a period marked by significant changes worldwide, including enlightenment thinking, industrial advances, and the American and French revolutions.

Enslaved African People

Individuals of African descent who were forcibly brought under control and used for labor, predominantly in the Americas, during the transatlantic slave trade period.

Eighteenth Century

The period from 1701 to 1800 in the Gregorian calendar, known for its significant developments in Enlightenment thought, political revolutions, and the early stages of the Industrial Revolution.