Use the Following to Answer Questions

question 372

Multiple Choice

Use the following to answer questions:
Figure: Harold's Indifference Curves
The figure shows three of Harold's indifference curves for bread and cheese.
-(Figure: Harold's Indifference Curves) Look at the figure Harold's Indifference Curves. If the price of bread is $1 per loaf, the price of cheese is $2 per pound, and Harold has $10 to spend on bread and cheese, Harold's optimal consumption bundle is _____ loaves of bread and _____ pounds of cheese.

• A) 6; 4
• B) 4; 3
• C) 3; 2
• D) 2; 8

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Definitions:

Machiavellianism

A personality trait that involves manipulation and exploitation of others, a lack of morality, and a focus on self-interest and deception.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort due to holding conflicting beliefs, ideas, or values.

Opportunities for Promotion

refer to the prospects or avenues available within an organization for employees to advance to higher positions.

Job Satisfaction

The level of contentment employees feel about their work, which can influence their performance and retention.