Consider the Indifference Map Below

question 51

Multiple Choice

Consider the indifference map below.This map represents Larry's preferences over two goods,oranges and grapefruits.Larry:

• A) does not like oranges and will not eat them.
• B) gets greater utility from additional grapefruits, but not from additional oranges.
• C) prefers oranges to grapefruits.
• D) will always choose to consume equal amounts of oranges and grapefruits.
• E) will always choose to consume a combination of oranges and grapefruits.

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Definitions:

Middle

The point or position at an equal distance from the sides, edges, or ends of something.

Centimeter

A metric unit of length equal to one hundredth of a meter.

Degrees

A measure for angles or temperature; academically, a rank conferred by a college or university indicating the completion of a course of study.

-rrhage

A suffix in medical terminology indicating an excessive flow or discharge of fluid, often blood.