Convexity of Indifference Curves Implies That Consumers Are Willing to

question 69

Multiple Choice

Convexity of indifference curves implies that consumers are willing to

• A) give up more "y" to get an extra "x" the more "x" they have.
• B) give up more "y" to get an extra "x" the less "x" they have.
• C) settle for less of both "x" and "y".
• D) acquire more "x" only if they do not have to give up any "y".

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Definitions:

Cell Wall

The structure outside the plasma membrane of certain cells; may contain cellulose (plant cells), chitin (most fungal cells), peptidoglycan and/or lipopolysaccharide (most bacterial cells), or other material.

Prokaryotes

Microorganisms that lack a distinct nucleus and other organelles due to the absence of internal membranes, including bacteria and archaea.

Bacteria

Bacteria are microscopic, single-celled organisms found everywhere on Earth, with roles ranging from aiding digestion to causing disease.

Protists

A diverse group of eukaryotic microorganisms, which are neither plants, animals, nor fungi, often found in moist or aquatic environments.