If the Graph Shown Represents Celia's Budget Constraint,which of the Following

question 28

Multiple Choice

If the graph shown represents Celia's budget constraint,which of the following must be true?

• A) Celia will spend twice as much on earrings as she does hairbands.
• B) Celia could consume either four pairs of earrings or eight hairbands.
• C) Celia gets twice as much utility from earrings as she does from hairbands.
• D) All of these are true.

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Definitions:

Empty Cells

Unfilled positions or spaces in a spreadsheet, table, or physical layout, often indicating a lack of data or resources.

Objective Function

A function that one seeks to optimize, usually in mathematical optimization problems. It represents the goal of an optimization problem.

Optimal Solution

The most efficient and effective answer to a problem, typically found through systematic analysis or computation, that maximizes or minimizes desired factors.

Transportation Problem

A type of optimization issue in operations research that involves finding the most efficient way to distribute goods from several suppliers to several consumers.