In Problem 1, Charlie's Indifference Curves Have the Equation

question 6

Multiple Choice

In Problem 1, Charlie's indifference curves have the equation , where larger constants correspond to better indifference curves. Charlie strictly prefers the bundle (9, 18) to the bundle

• A) (10, 17).
• B) (18, 9).
• C) (11, 12).
• D) More than one of these options are correct.
• E) None of the above are correct.

---

Definitions:

Primary

First in order or importance; fundamental.

Social Comparison

The act of evaluating oneself by comparison with others, often to assess abilities, successes, or social standing.

Middle Childhood

A developmental phase approximately between the ages of 6 and 12, marked by cognitive, emotional, and social growth.

Conservation

The principle that the amount of a substance remains the same (i.e., is conserved) even when its appearance changes.