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:

For Statement

A control flow statement in programming used for iterating over a range, array, or collection.

Multi-way If-else

A control flow statement that allows for multiple paths of execution based on the evaluation of several conditions.

Algorithm

A finite sequence of well-defined instructions, typically to solve a class of problems or perform a computation.

Boolean Equation

A Boolean equation is an algebraic expression that represents logical operations, composed of Boolean variables and logical operators, yielding true or false outcomes.