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

---

Definitions:

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a certain level of confidence.

Domestic Automobiles

Vehicles manufactured within a country's borders, typically referring to cars made by national companies.

Confidence Interval

A range of values derived from a dataset to estimate the unknown value of a parameter.

MBA Degree

A Master of Business Administration, a graduate-level degree focusing on business management and administrative skills.