Match the following descriptions of preferences to the indifference curve diagrams that follow.
________ Ann does not care whether she has more diet soft drinks or fewer diet soft drinks.
________ Peter is very picky about his buttered popcorn.He tops every quart of popped
corn with exactly one quarter cup of melted butter.
________ Amy likes M&M's,plain and peanut.For Amy,the marginal rate of substitution
between plain and peanut M&M's does not vary with the quantities
of plain and peanut M&M's she consumes.
________ George dislikes broccoli and would be willing to pay something to not have
to eat it.
________ Natalya likes rap and rock music.Natalya's preferences exhibit a diminishing
marginal rate of substitution between the two types of music.
________ Matthew knows his limit.He likes beer up to a point,but if he drinks too much
he gets sick.

Question

Quizplus · Accepted Answer

The Answer of Match the following descriptions of preferences to the indifference curve diagrams that follow.
________ Ann does not care whether she has more diet soft drinks or fewer diet soft drinks.
________ Peter is very picky about his buttered popcorn.He tops every quart of popped
corn with exactly one quarter cup of melted butter.
________ Amy likes M&M's,plain and peanut.For Amy,the marginal rate of substitution
between plain and peanut M&M's does not vary with the quantities
of plain and peanut M&M's she consumes.
________ George dislikes broccoli and would be willing to pay something to not have
to eat it.
________ Natalya likes rap and rock music.Natalya's preferences exhibit a diminishing
marginal rate of substitution between the two types of music.
________ Matthew knows his limit.He likes beer up to a point,but if he drinks too much
he gets sick.

Match the Following Descriptions of Preferences to the Indifference Curve