Multiple Choice
Hannah and Chris each like jewelry and music by the Rolling Stones. If we were to graph an indifference curve with jewelry on the horizontal axis and CDs by the Rolling Stones on the vertical axis, then
A) Hannah and Chris would have identical indifference curves.
B) Hannah's indifference curve would be higher than Chris's indifference curve.
C) Chris's indifference curve would be higher than Hannah's indifference curve.
D) Because we do not know the intensity of each woman's preferences, we do not have enough information to compare their indifference curves.
Correct Answer:
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