Use the Indifference Curves and the Budget Lines in Figure

question 73

Multiple Choice

Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.In Figure 19.3, given an income of $30 and a price for good Y of $1, which of the following two points represent optimal consumption?

• A)A when the price of X is $3 and C when the price of X is $1.
• B)B when the price of X is $1 and D when the price of X is $3.
• C)A when the price of X is $1 and D when the price of X is $3.
• D)B when the price of X is $1 and C when the price of X is $3.

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Definitions:

Direct Communication

A form of interaction where messages are conveyed explicitly and directly between parties.

Immediate Feedback

Immediate feedback refers to receiving a direct response right after an action or performance, enabling quick learning and adjustment.

Active Listening

The practice of paying full attention to a speaker, understanding their message, and responding thoughtfully.

Reflecting

The act of mirroring back the content or feelings expressed by another person to demonstrate understanding or to encourage further discussion.