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 30 on her first midterm and 50 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 (30, 50).Therefore this class could
A)be Professor Goodheart's but could not be Professor Stern's.
B)be Professor Stern's but could not be Professor Goodheart's.
C)not be either Professor Goodheart's or Professor Stern's.
D)be either Professor Goodheart's or Professor Stern's.
E)None of the above.

Question

Quizplus · Accepted Answer

Since the indifference curve has a slope of zero at the point (30, 50), it indicates that Nancy's utility does not change with an increase in her second midterm score from 30 to 50. This scenario aligns with Professor Goodheart's grading policy, where only the best grade counts, making the lower score irrelevant. It does not fit with Professor Stern's policy, where the worst grade is considered, and thus an improvement in scores would affect Nancy's overall grade.

Nancy Lerner Is Taking a Course from Professor Goodheart Who