Barbie is deciding whether to play soccer or go swimming over the next hour.She decides to swim.Economists would conclude that Barbie:
A) is revealing a preference for swimming over soccer.
B) will get less utility from swimming during the next hour than playing soccer.
C) was unable to play soccer at that time.
D) is more skilled at swimming than playing soccer.
Correct Answer:
Verified
Q3: When economists observe someone make a choice,they
Q4: Which of the following statements is true
Q5: Corey has a blue sweater and a
Q6: Utility is:
A) maximized by rational individuals.
B) revealed
Q7: Revealed preference is:
A) the idea that people's
Q8: After browsing his cabinets to see what
Q9: Bart is seen standing in front of
Q10: A utility function is:
A) an equation for
Q11: Utility measurements are:
A) a relative ranking of
Q12: Utility is:
A)a quantitative measure of consumers' preferences.
B)an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents