Robert Only Consumes X and Y,and His Indifference Curves Have

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: The consumption bundles completely exhaust Robert's income) .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:

Assignment

An assignment involves the transfer of rights or property from one party to another, typically related to contracts, but also applicable in other legal contexts.

Third-Party Beneficiary

An individual or group that stands to benefit from a contract made between two other parties, even though they are not a direct party to the contract.

Personal Skill

Individual abilities or talents that contribute to performing tasks or jobs effectively, often developed through experience and training.

Contract

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