-In Figure 21

question 7

Multiple Choice

-In Figure 21.4, point z is halfway on a line between the no-trade allocation at point f and the no-advantage allocation at point m. Yet point z has higher utility than the other two points. This is because of which assumption?

• A) selfishness
• B) convex preferences
• C) increasing returns to scale

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Definitions:

Absent From Work

Not present at one's place of employment during scheduled working hours, for reasons such as illness, personal matters, or vacation.

Aerobic Exercise

Physical activity that improves the efficiency of the cardiovascular system in absorbing and transporting oxygen, typically performed at moderate intensity over extended periods.

Diet

The combination of foods and beverages consumed by an individual or group, often considered in the context of nutrition and health.

Weight Loss

The reduction in total body mass, due to a mean loss of fluid, body fat, or lean mass.