Which one of the following best describes the indifference curve of burger patties and buns A. Convex curve B. Positive-sloped line. C. L-shaped. D. Straight downward-sloping line 2. Andy derives utility from two goods, potato chips (Qp) and Cola (Qc). He is currently spending all his income consuming 5 Cola and 4 bags of potato chips. The marginal utility of 5th Cola is 45 and the marginal utility of the 4th potato chips is 50. If the price of potato chips is $0.75 and the price of Cola is $1.00. How would you suggest Andy to change his current consumption bundle? A. Eat more potato chips and less Cola. B. Drink more Cola and less potato chips. C. Andy is already utility-maximized D. None of the above 3. The endpoints (horizontal and vertical intercepts) of the budget line: A. measure its slope. B. measure the rate at which one good can be substituted for another. C. measure the rate at which a consumer is willing to trade one good for another. D. represent the quantity of each good that could be purchased if all of the budget were allocated to that good. E. indicate the highest level of satisfaction