The Fact That Indifference Curves Are Downward Sloping

question 40

Multiple Choice

The fact that indifference curves are downward sloping

• A) is not true.
• B) follows from the fact that more is preferred to less.
• C) follows from the property that the consumer likes diversity in his or her consumption bundle.
• D) follows from the property that consumption and leisure are normal goods.

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Definitions:

Cash Receipts

The total amount of money received by a business during a specific period, including cash sales, collected receivables, and any other cash inflows.

Statement Of Cash Flows

A financial statement that consolidates information about all the money a company gets from its regular operations and outside investments, alongside the money spent on business operations and investments within a certain timeframe.

Investing Activities

Part of a company's cash flow statement that shows the amount of money spent or generated from various investment-related activities in non-current assets.

Contingent Activities

Actions or outcomes that are possible and might affect a project or transaction but their occurrence is dependent on future events.