Multiple Choice
Leo consumes only apples and bananas.He prefers more apples to fewer, but he gets tired of bananas.If he consumes fewer than 24 bananas per week, he thinks that 1 banana is a perfect substitute for 1 apple.But you would have to pay him 1 apple for each banana beyond 24 that he consumes.The indifference curve that passes through the consumption bundle with 31 apples and 36 bananas also passes through the bundle with A apples and 18 bananas, where A equals
A) 29.
B) 23.
C) 31.
D) 25.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Belinda loves chocolate and always thinks that
Q2: The marginal rate of substitution measures the
Q4: If we graph Mary Granola's indifference curves
Q5: If good X is measured on the
Q6: Recall that Tommy Twit's mother measures the
Q7: Nancy's psychology teacher will give her a
Q8: A consumer who is unable to detect
Q9: If two goods are both desirable and
Q10: The relation "is preferred to" between commodity
Q11: Tim consumes only apples and bananas.He prefers