We Have Asked Mac to Rank His Preferences Between Three

question 269

Multiple Choice

We have asked Mac to rank his preferences between three market baskets,A,B,and C.If Mac prefers B to C but does not care if he gets A or B,then

• A) A is on a higher indifference curve than B.
• B) B and C are on the same indifference curve.
• C) both A and B are on a higher indifference curve than C.
• D) C is on a higher indifference curve than A.
• E) B is on a higher indifference curve than C, but it is not possible to determine whether C is on a higher, lower, or the same indifference curve as A.

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Definitions:

Cohabitation

Being in a romantic and sexual relationship while sharing a living space, without the formalities of marriage.

Celibate Lives

A lifestyle choice where individuals abstain from marriage and sexual relations, often for religious, cultural, or personal reasons.

Shakers

A religious sect known for its communal living, celibacy, and simple lifestyle, named after their practice of ecstatic dancing as part of worship.

Mormons

Members of The Church of Jesus Christ of Latter-day Saints, a religious group founded in the early 19th century by Joseph Smith, known for its unique scriptures including the Book of Mormon.