When a Farmer Decides to Harvest Lettuce Using Machines Instead

question 36

Multiple Choice

When a farmer decides to harvest lettuce using machines instead of migrant workers, the farmer is answering the _______ part of one of the two big economic questions.

• A) "what"
• B) "for whom"
• C) "how"
• D) "scarcity"

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Definitions:

Indifference Curve

A graph that shows a combination of two goods that give a consumer equal satisfaction and utility, illustrating their preferences.

Rational Consumer

A theoretical concept depicting a consumer who makes decisions based on maximizing utility, considering all available information and options.

Utility Levels

A measure of the varying degrees of satisfaction or utility that consumers derive from different bundles of goods and services.

Preferences

The tastes, desires, or choices that consumers have regarding products, goods, or services.