Figure 5-1 Shows the Preferences of a Consumer for Food

question 64

Multiple Choice

Figure 5-1 shows the preferences of a consumer for food and other goods.He is initially in equilibrium at point A where the budget line MN is tangent to the indifference curve.
In Figure 5-1,the total outlay on food before the excise subsidy is given by _____.

• A)KC
• B)0G
• C)0H
• D)0J

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Definitions:

Team Member

An individual who is part of a group working together towards a common goal or project.

Definite "No"

A clear and unequivocal negative response.

Team Members

Individuals who are part of a group collaborating to achieve a common goal or complete a project.

Cultures

The shared practices, values, and beliefs of a group of people.