Multiple Choice
Use the following to answer questions :
Scenario: Music Downloads and Streamed Movies
Phillip has an income of $300 per month,which he uses to purchase music downloads (MD) and streamed movies (SM) .Each music download costs $1 and each streamed movie costs $5.
-Paola gets 50 units of utility when she consumes four cupcakes and two glasses of milk.She also gets 50 units of utility when she consumes three cupcakes and two glasses of milk.This means that:
A) Paola likes milk better than cupcakes.
B) Paola likes cupcakes better than milk.
C) these combinations lie on the same indifference curve.
D) one of these combinations lies on a higher indifference curve.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Greater levels of utility are represented by:<br>A)indifference
Q44: Use the following to answer question: <img
Q77: An indifference curve shows combinations of two
Q85: Use the following to answer question: <img
Q108: Use the following to answer question: <img
Q112: Use the following to answer question: <img
Q130: To find her optimal consumption bundle,Vanessa would
Q143: When an individual's consumption of an additional
Q147: Use the following to answer questions :
Q149: Max consumes only yoghurt and almonds,and he