You're Lying on the Sand on a Breezy Day When

question 6

Multiple Choice

You're lying on the sand on a breezy day when a pesky fly wishes to join you. The breeze is blowing at a steady 2 m/s. In order for the fly to land on you it should hover over you while flying

• A)against the breeze at 2 m/s.
• B)with the breeze at 2 m/s.
• C)faster than 2 m/s.
• D)about 4 m/s relative to the breeze.

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Definitions:

Total Utility

The overall satisfaction or benefit a consumer receives from consuming a certain quantity of a good or service.

Indifference Curve

A graph that represents different combinations of two goods or services among which a consumer is indifferent, meaning they have no preference for one combination over another, all providing the same level of utility.

Budget Line

A graphic representation of all possible combinations of two goods that can be purchased at given prices and a given income.

Indifference Analysis

A microeconomic tool used to analyze consumer preferences indicating combinations of goods among which the consumer is indifferent, showing levels of utility.