Multiple Choice
Which of the following statements regarding preferences and indifference curves is true?
A) When choosing between two consumption bundles, a consumer will always prefer the consumption bundle on the lower indifference curve.
B) A consumer is indifferent between two consumption bundles that are on the same indifference curve.
C) When choosing between two consumption bundles, a consumer will always prefer the consumption bundle that is farthest to the right on an indifference curve.
D) When choosing between two consumption bundles, a consumer will always prefer the consumption bundle that is farthest to the left on an indifference curve.
Correct Answer:
Verified
Correct Answer:
Verified
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