Ambrose Has an Indifference Curve with Equation X₂ = 20

question 41

True/False

Ambrose has an indifference curve with equation x₂ = 20 - 4x^1/2₁.When Ambrose is consuming the bundle (4, 16), his marginal rate of substitution is 25/4.

---

Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them rights to dividends and a stake in the company's equity.

Majority Vote

A voting rule used in decision-making processes where more than half of the votes cast by eligible participants is required to make a decision or elect a candidate.

Two-Thirds Vote

A voting requirement where two-thirds of the members present must agree in order for a proposal or motion to pass.

Unanimous Vote

A unanimous vote occurs when all members of a decision-making body agree on a proposal or decision, indicating full support or approval.