Use the Follwoing Figure to Answer the Questions : Figure

question 42

Multiple Choice

Use the follwoing figure to answer the questions : Figure 6-2 shows an Edgeworth box with the preferences of Kathy and Tom toward bread and candy.
-At point C in Figure 6-2,which of the following is true of the comparison between Tim's marginal ate of substitution of candy for bread [MRS_CB] and Kathy's MRS_CB?

• A)Tim's MRS_CB is greater than Kathy's MRS_CB.
• B)Tim's MRS_CB is smaller than Kathy's MRS_CB.
• C)Tim's MRS_CB is equal to Kathy's MRS_CB.
• D)Tim's MRS_CB is zero and Kathy's MRS_CB is positive.

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Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or expectations.

Empathy

The capacity to understand or feel what another person is experiencing from within their frame of reference, that is, the capacity to place oneself in another's position.

Just World

The belief that the world is fundamentally fair and all actions and decisions result in fair or deserved consequences.

Diving Board

A flexible board secured at one end and projecting over water, used for diving or jumping into a pool.