Figure 6.4 -Refer to Figure 6.4.Suppose the Price of Pizza Increases While

question 245

Multiple Choice

Figure 6.4
-Refer to Figure 6.4.Suppose the price of pizza increases while the price of hamburger remains constant.Then, the consumer's

• A)indifference curve becomes more concave away from the origin.
• B)indifference curve becomes straighter.
• C)budget constraint moves inward toward the origin on the pizza axis while the hamburger intercept remains the same.
• D)budget constraint moves outward away from the origin on the pizza axis while the hamburger intercept remains the same.

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Definitions:

Apprenticeship

A system of training a new generation of practitioners of a trade or profession through on-the-job training and often some accompanying study.

Direct Costs

Expenses directly tied to the production of goods or provision of services, such as materials and labor.

Particular Department

Refers to a specific division or unit within an organization that focuses on a certain area of work or function.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment or to compare the efficiency of several investments, typically expressed as a ratio or percentage.