Table 21-2
a Consumer Likes Two Goods: Pizza and Beer

question 94

Multiple Choice

Table 21-2
A consumer likes two goods: pizza and beer. The five bundles shown in the following table lie on the same indifference curve for the consumer.
​
$$\begin{array} { | c | c | c | } \hline \text { Bundle } & \text { Pizza } & \text { Beer } \\\hline \text { A } & 6 & 9 \\\hline \text { B } & 6 & 7 \\\hline \text { C } & 6 & 5 \\\hline \text { D } & 9 & 5 \\\hline \text { E } & 10 & 5 \\\hline\end{array}$$
-Suppose that Akiko likes to consume one glass of chocolate milk with every three peanut butter cookies. For Akiko, an additional cookie has no value unless she can consume it with the appropriate proportion of chocolate milk. Akiko's indifference curves for chocolate milk and cookies are

• A)right angles.
• B)bowed inward, but not to a 90-degree angle.
• C)bowed outward.
• D)downward-sloping straight lines.

---

Definitions:

Consistency

The quality of achieving a level of performance which does not vary greatly in quality over time.

Frequency

In general terms, the rate at which something occurs over a particular period of time or in a given sample.

Actor-observer Bias

A cognitive bias that affects the way we attribute causes to our own behaviors versus those of others, often attributing our own actions to situational factors while attributing others' actions to their personality or character.

Self-serving Bias

Self-serving bias is a common cognitive bias that leads individuals to attribute their successes to internal factors while attributing failures to external factors, protecting self-esteem.