Multiple Choice
Ms. Sweettooth always consumes iced tea and sugar in fixed proportions: 8 ounces of iced tea to 3 teaspoons of sugar. This implies that for Ms. Sweettooth:
A) iced tea and sugar are perfect substitutes.
B) the indifference curves for iced tea and sugar are parallel.
C) 8 ounces of iced tea and 3 teaspoons of sugar yield exactly the same utility as 16 ounces of iced tea and 6 teaspoons of sugar.
D) iced tea and sugar are perfect complements.
Correct Answer:
Verified
Correct Answer:
Verified
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