Suppose You Have Two Indifference Curves U₁ and U₂ Representing

question 89

Multiple Choice

Suppose you have two indifference curves U₁ and U₂ representing the consumption of two normal goods.If U₂ is twice as far from the origin as U₁,then _____.

• A)consuming a bundle on U₁ is preferred two times more than consuming a bundle on U₂
• B)consuming a bundle on U₁ has a higher utility than consuming a bundle on U₂
• C)consuming a bundle on U₂ is preferred two times less than consuming a bundle on U₁
• D)consuming a bundle on U₂ has a higher utility than consuming a bundle on U₁

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Definitions:

Implicit Memories

Memories that are formed and used unconsciously and can affect thoughts and behaviors without an individual's awareness.

Well-Learned Skills

Abilities or tasks that have been practiced to the extent that they can be performed with ease, often automatically.

Implicit Memory

A type of memory in which previous experiences aid the performance of a task without conscious awareness of these previous experiences.

Classically Conditioned

An educational method where two stimuli are consistently associated; initially, the second stimulus provokes a response, but over time, the response is triggered by the first stimulus alone.