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(Figure: Indifference Curve 2) Refer to the figure. Which statement is TRUE? Sneakers C D .E Flip-Flops Only bundles A, C, and D are relevant. O Bundle B generates the highest utility out of all the points shown. O This consumer is indifferent between bundle B and bundle A. This consumer prefers bundle C to bundle A.Constant marginal utility means that one's first apple in a sitting is one's second apple in the same sitting. O better than O incomparable with O worse than O equally good asFigure: Labor Supply Income $480 240 w= $20 14 16 24 Leisure Now budget (hours] Refer to the figure. The figure represents the budget constraint and indifference curves for the labor-leisure decision of a consumer when the wage rate falls from $20 to $10. Based on the figure: O the substitution effect will dominate and the consumer will work more. O the income effect will dominate and the consumer will work less. O the substitution effect will dominate and the consumer will work less. O the income effect will dominate and the consumer will work more.(Figure: Budget Constraint) Refer to the figure. If the price of sneakers rises, then the budget constraint in the figure will: Sneakers Flip-Flops O shift to the left. O not change. O become steeper. O become flatter