Figure 21-12 -Refer to Figure 21-12. Which of the Following Statements Is

question 378

Multiple Choice

Figure 21-12
-Refer to Figure 21-12. Which of the following statements is not correct?

• A)The consumer prefers bundle Y to bundle Z.
• B)The consumer is indifference between bundle W and bundle X.
• C)The consumer is indifference between bundle X and bundle V.
• D)The consumer prefers bundle X to bundle Z.

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Definitions:

Oral Contract

An agreement between parties spoken aloud and not recorded in written form, yet legally binding under certain circumstances.

Memorandum

A memorandum is a written message used in business or diplomacy to communicate formal information, policies, or instructions.

Oral Contract

An agreement between parties spoken and agreed to aloud rather than written, yet is legally binding.

Consideration

The benefit, interest, right, or profit involved in an agreement or contract, on which it is based.