Consider a Graph with Yvonne's Income on the Y-Axis and Xavier's

question 24

Multiple Choice

Consider a graph with Yvonne's income on the Y-axis and Xavier's income on the X-axis.Yvonne has twice as much income as Xavier.If Yvonne cares about the material well-being of Oscar,and considers the latter's income as an economic good,the slope of the indifference curves representing Yvonne's preferences:

• A)will be steeper,the more willing she is to transfer some of her income to Xavier.
• B)will be flatter,the more willing she is to transfer some of her income to Xavier.
• C)cannot be determined from the information given.
• D)will not change as Yvonne's willingness to donate to Xavier changes.

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Definitions:

Title

The legal right to own or possess something, such as property or a vehicle.

Conditional Gift

A gift given with specific conditions attached that must be fulfilled for the gift to be retained by the recipient.

Engagement Ring

A ring given during a proposal of marriage to symbolize intent and commitment.

Heirs

Individuals legally entitled to receive assets from a deceased person's estate.