As Long as a Consumer Is on a Given Indifference

question 89

Multiple Choice

As long as a consumer is on a given indifference curve,what can we say about her preferences

• A)She is indifferent to all points that lie on any other indifference curves.
• B)Her preferences will not affect the marginal rate of substitution.
• C)She is unable to decide which bundle of goods to choose.
• D)She is indifferent among the points on that curve.

---

Definitions:

Journal Entry

A record in the accounting ledger that notes every financial transaction of a business, including the accounts affected and the date of the transaction.

Petty Cash Fund

A small amount of cash on hand used for covering minor expenses, typically managed by a designated petty cash custodian.

Office Supplies

Consumable items and minor equipment used in an office setting, such as paper, pens, and staplers.

Petty Cash

Petty cash is a small amount of cash on hand used for covering minor, incidental expenses within a business.