Suppose That a Consumer Has the Utility Function $\mathrm { U } = 5 \mathrm {~A} + 7 \mathrm {~B}$

question 86

Multiple Choice

Suppose that a consumer has the utility function $\mathrm { U } = 5 \mathrm {~A} + 7 \mathrm {~B}$ . If is measured on the horizontal axis, which of the following is correct?

• A) The indifference curves will be L-shaped.
• B) The indifference curves will be horizontal.
• C) The indifference curves will be straight lines with slope \(- 5 / 7\).
• D) The indifference curves will be straight lines with slope \(- 7 / 5\).

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Definitions:

Post-Conventional

A stage of moral development in which the individual's sense of morality is defined in terms of more abstract principles and values that apply to all situations and societies.

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Specialized care designed to provide comfort and support to patients and their families during the end stages of a terminal illness.

Terminal Illnesses

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A quality of being worthy of esteem or respect.