From the Modern "Ordinalist" Perspective,when We Change the Scale Used

question 29

Multiple Choice

From the modern "ordinalist" perspective,when we change the scale used to measure utility,

• A) The consumer's indifference curves remain unchanged
• B) The consumer's indifference curves will shift in the same direction as the change in the scale used to measure utility
• C) The consumer's indifference curves will shift in the opposite direction as the change in the scale used to measure utility
• D) Consumers will "move along" their indifference curves

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Definitions:

Fluid Dram

A unit of volume in the apothecaries' system, equivalent to 1/8 of a fluid ounce.

Metric Equivalent

Metric equivalent is the corresponding value of a measurement expressed within the metric system, used for converting units like inches to centimeters.

Microgram

A unit of mass equal to one millionth of a gram, commonly used in medicine and science to measure small weights and doses.

Volume

The amount of space an object, such as a drug, occupies.