Which of the Following Statements Is False

question 48

Multiple Choice

Which of the following statements is false?

• A)There is an indifference curve associated with any combination of goods selected by a consumer.
• B)A consumer is indifferent among all consumption bundles along a given budget line.
• C)All consumption bundles along a given indifference curve are equally desirable.
• D)Consumption bundles that lie on higher indifference curves yield higher utility.

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Definitions:

Confidence Interval

A spread of statistical figures, obtained by analyzing samples, seen as encompassing the unseen value of a population parameter.

Standard Deviation

An index to assess the range of fluctuation or deviation in a series of numbers.

Daily Sales

The total revenue or units sold by a business during a single day.

Teleprocessing Transactions

Transactions carried out over a telecommunications network, commonly involving data exchange between computers.