Figure 21-1

question 92

Multiple Choice

Figure 21-1.The figure shows three indifference curves and a budget constraint for a certain consumer named Jack.
-Refer to Figure 21-1.Starting from point B,which of these events could result in point A becoming Jack's new optimum?

• A) a decrease in the price of apples,with no change in the price of pears or income
• B) a decrease in the price of pears,with no change in the price of apples or income
• C) an increase in income,with no change in the price of apples or the price of pears
• D) None of these events could result in point A becoming Jack's new optimum.

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Definitions:

Action Plan

Describes how you are going to reach your goal.

Goal Setting

The act of identifying specific, measurable, achievable, relevant, and time-bound objectives to guide personal or organizational progress.

Action Plan

A detailed strategy outlining the steps necessary to achieve a particular goal or objective, including timelines and resources needed.

Engaged Employee

A worker who is fully involved in, and enthusiastic about, his or her work and therefore acts in a way that furthers their organization's interests.