Consumer Preferences

question 63

Multiple Choice

Consumer preferences:

• A)are fixed exogenously and unchanging in reality.
• B)indicate how a consumer would rank any two possible baskets of goods, taking into account her budget constraint.
• C)indicate how a consumer would rank any two possible baskets of goods, taking into account the current prices of those goods.
• D)indicate how a consumer would rank any two possible baskets of goods, assuming that the baskets were available to the consumer at no cost.

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Definitions:

Meiosis

A process of cell division in sexually reproducing organisms that reduces the number of chromosomes in reproductive cells to half, leading to the production of gametes or spores.

Parental Chromosome Number

The parental chromosome number refers to the specific number of chromosomes found in the genetic material an organism inherits from its parents, typically half from each.

Parent Cell

The cell that divides to give rise to daughter cells during cell division.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA.