Multiple Choice
If the more-is-better principle holds,two different consumption bundles can't be equally attractive unless:
A) they contain the same amounts of each good.
B) the consumer is unable to rank both bundles.
C) as the consumer gives up some of one good, the consumer is given more of the other good.
D) they each cost the same amount to purchase.
Correct Answer:

Verified
Correct Answer:
Verified
Q43: Refer to Table 4.1.Mike's preferences are consistent
Q44: In modern microeconomic theory,utility functions summarize:<br>A) cardinal
Q45: From the modern "ordinalist" perspective,when we change
Q46: Dane consumes both hamburgers and pizza.Suppose the
Q47: If consuming more of a good doesn't
Q49: If two consumption bundles lie on the
Q50: Using a carefully-labeled graph,explain the concept of
Q51: By itself,the marginal utility of a particular
Q52: Frieda enjoys cooking and baking.Her utility function
Q53: Consider two activities: Attending economics class and