Author Question: Refer to Table 3.1. Which of the following cannot be true? A) The consumer could be indifferent ... (Read 70 times)

hubes95 · **on:** Jul 1, 2018

Refer to Table 3.1. Which of the following cannot be true?

A) The consumer could be indifferent between A and B.
B) A and C could be on the same indifference curves.
C) The consumer could be indifferent between B and C.
D) A and C could be on different indifference curves.

Question 2

Which of the following assertions, if proven true in a court of law, would help Archer-Daniels-Midland, a maker of corn syrup, in its attempt to acquire another corn syrup producer, the Clinton Corn Processing Company?

A) Archer-Daniels-Midland is a dominant producer of corn syrup.
B) There are no good substitutes for corn syrup for any of its major uses.
C) Archer-Daniels-Midland and the Clinton Corn Processing Company together hold only a small share of the market for sweeteners including corn syrup and sugar.
D) Archer-Daniels-Midland produces many other different agricultural products, in addition to corn syrup.