A Consumer Is Said to Be Indifferent Between Two Consumption

question 48

Multiple Choice

A consumer is said to be indifferent between two consumption bundles

• A) when the consumer doesn't care about his or her consumption bundle.
• B) when the two bundles provide equal amounts of utility.
• C) when the consumer chooses the bundles equally often.
• D) when the consumer is indecisive.
• E) when the consumption bundles contain normal goods.

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Definitions:

Endorser

One who issues an endorsement.

Unauthorized Signature

A signature made on a document by someone who doesn't have the legal authority or permission to sign it.

Negligence

Negligence is the failure to take proper care in doing something, leading to damage or injury to another person.

Fictitious Payee Rule

A legal principle stating that if a negotiable instrument is issued to a fictitious payee, it may be treated as payable to bearer, affecting endorsement requirements.