A Consumer

question 78

Multiple Choice

A consumer

• A)is equally satisfied with any indifference curve.
• B)prefers indifference curves with positive slopes.
• C)prefers higher indifference curves to lower indifference curves.
• D)prefers indifference curves that are straight lines to indifference curves that are right angles.

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Definitions:

Treasury Stock

Shares of a company's own stock that it has reacquired and holds in its treasury rather than retiring them.

Sale Price

The final amount at which a product or service is sold to consumers, after any discounts or adjustments.

Income Increase

A rise in the amount of money generated by an individual or organization, typically measured over a specific period of time.

Dividends in Arrears

Dividends on preferred shares that have not been paid in the timeframe originally scheduled.