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 Toffee (bars) \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Toffee (bars) }  Cashews (bags) \quad\quad\quad\quad\quad\text { Cashews (bags) }

Question 4

Multiple Choice

 Toffee (bars)  \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Toffee (bars) } Cashews (bags)  \quad\quad\quad\quad\quad\text { Cashews (bags) }
 unitsmarginal utility total utility marginal utility total utility 1101012122818102235237294326534512723660271377027027\begin{array}{|l|l|l|l|l|}\hline \text { units}&\text {marginal utility }&\text {total utility }&\text {marginal utility }&\text {total utility }\\\hline 1 & 10 & 10 & 12 & 12 \\\hline 2 & 8 & 18 & 10 & 22 \\\hline 3 & 5 & 23 & 7 & 29 \\\hline 4 & 3 & 26 & 5 & 34 \\\hline 5 & 1 & 27 & 2 & 36 \\\hline 6 & 0 & 27 & 1 & 37 \\\hline 7 & 0 & 27 & 0 & 27 \\\hline \end{array}
 TABLE 6-1 \text { TABLE 6-1 } FIGURE 6- 8
-Refer to Figure 6- 8. In part (ii) , the line joining points X, Y, and Z is known as , which shows how .


A) an indifference map; the value of various combinations of two goods changes.
B) an income- consumption line; consumption changes with changing relative prices and constant income
C) a price- consumption line; consumption changes as relative prices change, with money income constant
D) an income- consumption line; consumption changes as income changes, with relative prices held constant
E) a price- consumption line; consumption changes as money income and relative prices change

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