Match the Following Descriptions of Preferences to the Indifference Curve

question 29

Short Answer

Match the following descriptions of preferences to the indifference curve diagrams that follow.
________ Ann does not care whether she has more diet soft drinks or fewer diet soft drinks.
________ Peter is very picky about his buttered popcorn.He tops every quart of popped
corn with exactly one quarter cup of melted butter.
________ Amy likes M&M's,plain and peanut.For Amy,the marginal rate of substitution
between plain and peanut M&M's does not vary with the quantities
of plain and peanut M&M's she consumes.
________ George dislikes broccoli and would be willing to pay something to not have
to eat it.
________ Natalya likes rap and rock music.Natalya's preferences exhibit a diminishing
marginal rate of substitution between the two types of music.
________ Matthew knows his limit.He likes beer up to a point,but if he drinks too much
he gets sick.

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Definitions:

Drunk Driving

The act of operating a vehicle while impaired by the effects of alcohol consumption.

Paraphrase

Rewording or summarizing a text or speech to capture the essence of the message in a clearer or simpler manner.

Reflection of Feelings

A counseling technique that involves expressing in words the emotions the client is experiencing, to help them understand and identify their own emotions.

Summary

A concise presentation of the main points or the essence of a detailed document, discussion, or piece of information.