Use the Following Information to Answer Questions 2-3

question 36

Multiple Choice

Use the following information to answer questions 2-3.
Table 3.1:

-Refer to Table 3.1.The balance on the capital account is:

• A) + 900
• B) +100
• C) 0
• D) - 100

Evaluate consumer choices and trade-offs using marginal rate of substitution (MRS) and indifference curves.

Calculate the effects of changes in consumption on utility levels.

Distinguish between various forms of utility functions and their implications on consumer behavior.

Understand the concept of indifference curves and how they represent consumer preferences.

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