Multiple Choice
A consumer is said to be indifferent between two consumption bundles
A) when the consumer doesn't care about his or her consumption bundle.
B) when the two bundles provide equal amounts of utility.
C) when the consumer chooses the bundles equally often.
D) when the consumer is indecisive.
E) when the consumption bundles contain normal goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q62: An indifference curve<br>A) connects a set of
Q63: The real wage denotes<br>A) the number of
Q64: Suppose Ford could triple production of Mustangs
Q65: The slope of the indifference curve is
Q65: As the quantity of capital increases, the
Q66: The consumer's work-leisure choice problem focuses on
Q68: Moving down the indifference curve, the marginal
Q70: When consumers act as price-takers, we say
Q71: An increase in the real wage<br>A) unambiguously
Q72: The marginal product of the fourth Gizmo