Nancy Lerner Is Taking a Course from Professor Goodheart Who

question 25

Multiple Choice

Nancy Lerner is taking a course from Professor Goodheart who will count only her best midterm grade and from Professor Stern who will count only her worst midterm grade.In one of her classes, Nancy has scores of 20 on her first midterm and 70 on her second midterm.When the first midterm score is measured on the horizontal axis and her second midterm score on the vertical, her indifference curve has a slope of zero at the point (20, 70) .Therefore this class could

• A)be Professor Goodheart's but could not be Professor Stern's.
• B)not be either Professor Goodheart's or Professor Stern's.
• C)be either Professor Goodheart's or Professor Stern's.
• D)be Professor Stern's but could not be Professor Goodheart's.
• E)None of the above.

---

Definitions:

Unenforceable Contracts

Contracts that cannot be executed or enforced by law due to lack of essential legal requirements.

Criminal Conspiracies

Agreements between two or more parties to commit an illegal act or a legal act in an illegal manner.

Duopolists

Refers to two companies or entities that dominate or control an entire market for a particular product or service, shaping prices, supply, and competition.

Monopolist

A monopolist is an entity or firm that has exclusive control over a market for a particular good or service, enabling it to adjust prices without direct competition.