Multiple Choice
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) .Therefore this class could
A) be Professor Goodheart's but could not be Professor Stern's.
B) not be either Professor Goodheart's or Professor Stern's.
C) be either Professor Goodheart's or Professor Stern's.
D) be Professor Stern's but could not be Professor Goodheart's.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: If we graph Mary Granola's indifference curves
Q21: Toby Talkalot subscribes to a local phone
Q22: If there are two goods, if a
Q23: Angela consumes goods x and y.Her indifference
Q24: Bill Katz prefers more of good 1
Q26: If preferences are transitive, more is always
Q27: Blanche Carter has devised a system for
Q28: Professor Goodheart's colleague Dr.Kremepuff gives 3 midterm
Q29: Recall that Tommy Twit's mother measures the
Q30: Ambrose has indifference curves with the equation