If Two Consumption Bundles Lie on the Same Indifference Curve,then

question 57

Multiple Choice

If two consumption bundles lie on the same indifference curve,then

• A) The consumer prefers the bundle that is farthest from the origin
• B) The consumer does not prefer one bundle over the other
• C) The consumer prefers the bundle that is farthest to the right on the indifference curve
• D) The consumer prefers the bundle that is farthest to the left on the indifference curve

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Definitions:

Primacy Effect

the tendency to remember information that comes first in a list better than information that comes later.

Recency Effect

A memory phenomenon where the most recently presented items or experiences are more likely to be remembered than those presented earlier.

Primacy Effect

The tendency to remember information at the beginning of a list better than the information in the middle or at the end.

Recency Effect

The tendency to remember the most recently presented items or experiences more effectively than those presented earlier.