Tim Consumes Only Apples and Bananas

question 11

Multiple Choice

Tim consumes only apples and bananas.He prefers more apples to fewer, but he gets tired of bananas.If he consumes fewer than 29 bananas per week, he thinks that 1 banana is a perfect substitute for 1 apple.But you would have to pay him 1 apple for each banana beyond 29 that he consumes.The indifference curve that passes through the consumption bundle with 30 apples and 39 bananas also passes through the bundle with A apples and 21 bananas, where A equals

• A)25.
• B)28.
• C)34.
• D)36.
• E)None of the above.

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Definitions:

Analytic Approach

A technique for solving issues by dividing a complicated subject or material into more manageable pieces, facilitating a deeper comprehension of it.

Information Processing

a cognitive approach that likens the mind to a computer, focusing on how information is input, stored, and retrieved.

Heuristic

A rule of thumb, or shortcut method, used in thinking, reasoning, and/or decision making.

Holistic

An approach or process that emphasizes the importance of the whole and the interdependence of its parts, typically used in contexts such as health, learning, and problem-solving.