We Have Asked Mac to Rank His Preferences Between Three

question 41

Multiple Choice

We have asked Mac to rank his preferences between three market baskets,A,B,and C.If Mac prefers B to C but does not care if he gets A or B,then

• A) A is on a higher indifference curve than B.
• B) B and C are on the same indifference curve.
• C) Both A and B are on a higher indifference curve than C.
• D) C is on a higher indifference curve than A.
• E) B is on a higher indifference curve than C but it is not possible to determine whether C is on a higher, lower, or the same indifference curve as A.

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Definitions:

Proxemics

The study of human use of space and the effects that population density has on behaviour, communication, and social interaction.

Demonstration

A method of teaching by example rather than simple explanation, showing how a task should be performed.

Confidential

Information or material meant to be kept secret or private between the parties involved, often protected by law or agreement.