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(Figure: Good Y and Good X I) Which of the Following

Question 98

Multiple Choice

(Figure: Good Y and Good X I) Which of the following statements is TRUE? (Figure: Good Y and Good X I)  Which of the following statements is TRUE?   I. The consumer prefers any point on indifference curve U<sub>2</sub> to any point on indifference curve U<sub>1</sub>. II)  The consumer receives 20% more satisfaction from consuming along indifference curve U<sub>2</sub> than along indifference curve U<sub>1</sub>. III)  This consumer is not willing to give up units of good X for more units of good Y. A)  I and III B)  I C)  II D)  I and II I. The consumer prefers any point on indifference curve U2 to any point on indifference curve U1.
II) The consumer receives 20% more satisfaction from consuming along indifference curve U2 than along indifference curve U1.
III) This consumer is not willing to give up units of good X for more units of good Y.


A) I and III
B) I
C) II
D) I and II

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