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

question 30

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 24 avocados and 30 grapefruits and another bundle with 30 avocados and

• A) 22 grapefruits.
• B) 24 grapefruits.
• C) 26 grapefruits.
• D) 28 grapefruits.
• E) 25 grapefruits.

---

Definitions:

Variance

A measure of the dispersion or spread of a set of data points around their mean value.

Degrees of Freedom

The number of independent values or quantities that can vary in the calculation of a statistic, often necessary for assessing the significance of the statistic.

Student t Distribution

The Student t-distribution is a probability distribution used in statistics, especially in situations where the sample size is small and the population variance is unknown.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the count of numbers.