Robert Only Consumes X and Y, and His Indifference Curves

question 36

Multiple Choice

Robert only consumes X and Y, and his indifference curves have the usual convex shape. Consider the consumption bundles (3, 9) , (6, 6) , and (9, 3) (hint: they lie on a straight line) . If Robert is indifferent between (3, 9) and (9, 3) , then:

• A) he prefers (3, 9) over (6, 6).
• B) he prefers (9, 3) over (6, 6).
• C) he prefers (6, 6) over both (3, 9) and (9, 3).
• D) he prefers (6,6) over (3,9) but not over (9,3).

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Definitions:

Differential Fertility

Variations in fertility rates among different population groups, often influenced by socio-economic, cultural, or demographic factors.

Middle-Class

A social group between the working class and upper class, characterized by moderate income and educational attainment.

Lower-Class

A social group that is situated at the bottom of a society's hierarchy, often associated with lower income and limited access to resources and opportunities.

Canadian Class Structure

The hierarchical organization of social classes in Canada, affecting access to resources and social status.