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You Are Reading the Onion (A Satirical News Magazine) and See

question 54

Multiple Choice

You are reading The Onion (a satirical news magazine) and see a headline that states "FDA Approves Napalm as Medication," which you find interesting. Later on you are talking to several friends. One suggests that napalm is very dangerous and the other says it is not all that bad. You have a feeling that you read something about napalm lately and decide to chime in. Given what you know about familiarity, how would you likely respond to your friend's debate?


Definitions:

Indifference Curve

A graph that shows a combination of two goods that give a consumer equal satisfaction and utility, demonstrating their preferences.

Apples

A type of fruit that comes in various colors and flavors, widely consumed fresh or used in foods and beverages.

Bananas

Edible fruits produced by various kinds of large herbaceous flowering plants in the genus Musa.

Utility Function

A mathematical representation showing how different combinations of goods or services create levels of happiness or satisfaction for a consumer.

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