In a Preference Map,consumption Combinations on Higher Indifference Curves

question 17

Multiple Choice

In a preference map,consumption combinations on higher indifference curves

• A) always cost more than any combination on a lower indifference curve.
• B) always are preferred to combinations on lower indifference curves.
• C) always cost less than any combination on a lower indifference curve.
• D) always are less preferred than combinations on lower indifference curves.
• E) are sometimes more preferred, sometimes less preferred, and sometimes equally preferred than any combination on a lower indifference curve.

---

Definitions:

Operation Indicated

Refers to the mathematical operation suggested by a given problem, such as addition, subtraction, multiplication, or division.

Collect Like Terms

A mathematical process in algebra used to simplify an expression or equation by combining terms that have the same variables raised to the same power.

Operation Indicated

Refers to performing the mathematical operation suggested by a given problem or expression, such as addition, subtraction, multiplication, or division.

Percentage

A percentage is a way of expressing a part of a total amount as a fraction out of 100.