Indifference Curves

question 2

Multiple Choice

Indifference curves:

• A)may sometimes intersect.
• B)are contour lines only of a linear utility function.
• C)are convex if the utility function is quasi-concave.
• D)shift when prices change.

---

Definitions:

Verbal Involvement

Refers to the extent to which individuals participate in discussion or dialogue, contributing ideas and opinions.

Artistic Process

The sequence of steps or stages an artist goes through from conception of an idea to the completion of a work of art.

Group Process

The series of actions, interactions, and dynamics that occur within a group setting, influencing its functionality and outcome.

Personality Trait

A characteristic way of thinking, feeling, and behaving that is consistent across different situations and time.