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Please Consider the Following Figure: the Consumer Chooses a on Budget

Question 78

Multiple Choice

Please consider the following figure: Please consider the following figure: The consumer chooses A on budget line I1 and B on budget line I2. Which of the following rankings describes the consumer's preferences (first is highest ranked and last is lowest ranked) ? A) A-B-C-D B) A-D-B-C C) A-B-D-C D) We do not have enough information to rank all four bundles. The consumer chooses A on budget line I1 and B on budget line I2. Which of the following rankings describes the consumer's preferences (first is highest ranked and last is lowest ranked) ?


A) A-B-C-D
B) A-D-B-C
C) A-B-D-C
D) We do not have enough information to rank all four bundles.

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