Suppose the Consumer's Indifference Curves Are Concave (I

question 7

Multiple Choice

Suppose the consumer's indifference curves are concave (i.e.,bowed away from the origin) instead of convex.In this situation,

• A) along an indifference curve,the marginal value of X is falling as more X and less Y is consumed.
• B) all baskets on the budget line give the consumer the same level of satisfaction.
• C) the marginal value of X must equal P_X/P_Y at the consumer's optimum.
• D) the consumer's optimum is always a corner solution.

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Definitions:

Thyrohyoid

A muscle in the neck that depresses the hyoid bone and raises the larynx during swallowing and speaking.

Neck

The part of the body connecting the head to the rest of the body, containing structures of the digestive and respiratory tracts as well as major blood vessels and nerves.

Sternocleidomastoid

A muscle in the neck that runs from the sternum and clavicle to the mastoid process of the temporal bone, involved in facilitating rotation and flexion of the neck.

Semispinalis Capitis

is a muscle of the back located beneath the trapezius, playing a key role in extending, rotating, and bending the head backwards.