If the Only Information We Had About Goldie Were That

question 22

Multiple Choice

if the only information we had about Goldie were that she chooses the bundle (6, 6) when prices are (6, 2) and she chooses the bundle (10, 0) when prices are (3, 5) , then we could conclude that

• A)neither bundle is revealed preferred to the other.
• B)Goldie violates WARP.
• C)the bundle (6, 6)is revealed preferred to (10, 0)but there is no evidence that she violates WARP.
• D)the bundle (10, 0)is revealed preferred to (6, 6)and she violates WARP.
• E)the bundle (10, 0)is revealed preferred to (6, 6)but there is no evidence that she violates WARP.

---

Definitions:

Constant In Total

A term that refers to a cost or expense that remains unchanged in total, regardless of changes in the related level of activity or volume.

Break-Even Point

The level of activity at which total revenue equals total costs.

Total Sales

Total Sales represents the aggregate revenue a company generates from selling its goods or services within a specific period before any expenses are deducted.

Variable Costs

Costs that vary directly with the level of production or volume of output.