Exam 2: Preferences-Part B

Nancy Lerner is taking a course from Professor Goodheart who will count only her best midterm grade and from Professor Stern who will count only her worst midterm grade.In one of her classes, Nancy has scores of 20 on her first midterm and 70 on her second midterm.When the first midterm score is measured on the horizontal axis and her second midterm score on the vertical, her indifference curve has a slope of zero at the point (20, 70).This class could

Charlie's indifference curves have the equation x_B = constant/x_A, where larger constants correspond to better indifference curves.Charlie strictly prefers the bundle (6, 15)to the bundle

Ambrose has indifference curves with the equation x₂ = constant - 4x^1/2₁, where larger constants correspond to higher indifference curves.If good 1 is drawn on the horizontal axis and good 2 on the vertical axis, what is the slope of Ambrose's indifference curve when his consumption bundle is (16, 10)?

Charlie's indifference curves have the equation x_B = constant/x_A, where larger constants correspond to better indifference curves.Charlie strictly prefers the bundle (10, 15)to the bundle

Nancy Lerner is taking a course from Professor Goodheart who will count only her best midterm grade and from Professor Stern who will count only her worst midterm grade.In one of her classes, Nancy has scores of 20 on her first midterm and 30 on her second midterm.When the first midterm score is measured on the horizontal axis and her second midterm score on the vertical, her indifference curve has a slope of zero at the point (20, 30).This class could

Charlie's indifference curves have the equation x_B = constant/x_A, where larger constants correspond to better indifference curves.Charlie strictly prefers the bundle (9, 17)to the bundle

if we graph Mary Granola's indifference curves with avocados on the horizontal axis and grapefruits on the vertical axis, then whenever she has more grapefruits than avocados, the slope of her indifference curve is -2.Whenever she has more avocados than grapefruits, the slope is -1/2.Mary would be indifferent between a bundle with 21 avocados and 33 grapefruits and another bundle with 33 avocados and

Ambrose has indifference curves with the equation x₂ = constant -4x^1/2₁, where larger constants correspond to higher indifference curves.If good 1 is drawn on the horizontal axis and good 2 on the vertical axis, what is the slope of Ambrose's indifference curve when his consumption bundle is (36, 10)?

recall that Tommy Twit's mother measures the departure of any bundle from her favorite bundle for Tommy by the sum of the absolute values of the differences.Her favorite bundle for Tommy is (2, 7), that is, 2 cookies and 7 glasses of milk.Tommy's mother's indifference curve that passes through the point (c, m)= (5, 4)also passes through

Nancy Lerner is taking a course from Professor Goodheart who will count only her best midterm grade and from Professor Stern who will count only her worst midterm grade.In one of her classes, Nancy has scores of 70 on her first midterm and 30 on her second midterm.When the first midterm score is measured on the horizontal axis and her second midterm score on the vertical, her indifference curve has a slope of zero at the point (70, 30).This class could

Charlie's indifference curves have the equation x_B =constant/x_A, where larger constants correspond to better indifference curves.Charlie strictly prefers the bundle (7, 15)to the bundle

Charlie's indifference curves have the equation x_B = constant/x_A, where larger constants correspond to better indifference curves.Charlie strictly prefers the bundle (8, 13)to the bundle

recall that Tommy Twit's mother measures the departure of any bundle from her favorite bundle for Tommy by the sum of the absolute values of the differences.Her favorite bundle for Tommy is (2, 7), that is, 2 cookies and 7 glasses of milk.Tommy's mother's indifference curve that passes through the point (c, m)= (4, 5)also passes through

recall that Tommy Twit's mother measures the departure of any bundle from her favorite bundle for Tommy by the sum of the absolute values of the differences.Her favorite bundle for Tommy is (2, 7), that is, 2 cookies and 7 glasses of milk.Tommy's mother's indifference curve that passes through the point (c, m)= (4, 5)also passes through

Charlie's indifference curves have the equation x_B = constant/x_A, where larger constants correspond to better indifference curves.Charlie strictly prefers the bundle (6, 15)to the bundle

Charlie's indifference curves have the equation x_B = constant/x_A, where larger constants correspond to better indifference curves.Charlie strictly prefers the bundle (5, 14)to the bundle

recall that Tommy Twit's mother measures the departure of any bundle from her favorite bundle for Tommy by the sum of the absolute values of the differences.Her favorite bundle for Tommy is (2, 7), that is, 2 cookies and 7 glasses of milk.Tommy's mother's indifference curve that passes through the point (c, m)= (5, 4)also passes through

Charlie's indifference curves have the equation x_B = constant/x_A, where larger constants correspond to better indifference curves.Charlie strictly prefers the bundle (5, 11)to the bundle

Charlie's indifference curves have the equation x_B =constant/x_A, where larger constants correspond to better indifference curves.Charlie strictly prefers the bundle (9, 18)to the bundle

Nancy Lerner is taking a course from Professor Goodheart who will count only her best midterm grade and from Professor Stern who will count only her worst midterm grade.In one of her classes, Nancy has scores of 40 on her first midterm and 80 on her second midterm.When the first midterm score is measured on the horizontal axis and her second midterm score on the vertical, her indifference curve has a slope of zero at the point (40, 80).This class could