The Below Indifference Map Shows the Various Combinations of Hours

question 124

Multiple Choice

The below indifference map shows the various combinations of hours of music and apples that yield different levels of utility. Figure 6.1
- Which of the following explains why indifference curve I₂ should not cross indifference curve I₁ as shown in Figure 6.1?

• A)The consumer is not indifferent between A and B.
• B)The consumer is not indifferent between A and C.
• C)The consumer is not indifferent between B and C.
• D)The consumer is not indifferent between D and E.
• E)There is no reason why indifference curve I2 should not cross indifference curve I1 as shown.

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Definitions:

Assumptive Close

A sales technique where the seller assumes that the buyer has decided to make a purchase and moves forward with finalizing the sale, often by discussing next steps or payment options.

Purchase Decision

The process by which a consumer decides whether to buy a product or service, often influenced by factors such as need, desire, price, and brand loyalty.

Final Commitment

The ultimate agreement or decision made by a person or organization, often after a period of negotiation or consideration.

Limited Temporary Basis

A condition or period that is restricted in both scope and duration.