In Problem 9, If We Graph Mary Granola's Indifference Curves

question 28

Multiple Choice

In Problem 9, if we graph Mary Granola's indifference curves with avocados on the horizontal axis and grapefruits on the vertical axis, then whenever she has more grapefruits than avocados, the slope of her indifference curve is -2. Whenever she has more avocados than grapefruits, the slope is . Mary would be indifferent between a bundle with 21 avocados and 33 grapefruits and another bundle with 33 avocados and

• A) 21 grapefruits.
• B) 29 grapefruits.
• C) 25 grapefruits.
• D) 17 grapefruits.
• E) 23 grapefruits.

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Definitions:

Acquisition

The purchase of one company by another, usually by buying its stock.

Stock

A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.

Unlimited Liability

A legal obligation where business owners are personally responsible for all of the debts of the business.