-The Indifference Curves in the Figure Above (I₁, I₂ and I₃)

question 106

Multiple Choice

-The indifference curves in the figure above (I₁, I₂ and I₃) reflect Peter's consumption preferences. Peter prefers consuming _______ to consuming _______.

• A) 32 slices of pizza and 8 chocolate bars; 16 slices of pizza and 16 chocolate bars
• B) 24 slices of pizza and 24 chocolate bars; 40 slices of pizza and 20 chocolate bars
• C) 48 slices of pizza and 12 chocolate bars; 24 slices of pizza and 24 chocolate bars
• D) 40 slices of pizza and 20 chocolate bars; 48 slices of pizza and 12 chocolate bars

---

Definitions:

Withdraw From Deal

The act of backing out or cancelling an agreement before it is completed or finalized.

Breach Of Contract

The failure, without legal excuse, of a promisor to perform the obligations of a contract.

Fully Insured

This refers to a situation where an individual or entity has purchased enough insurance coverage to protect against anticipated losses or liabilities.

Design Patent

A legal protection granted to the unique visual qualities of a product's design.