Multiple Choice
Indifference curves cannot intersect because:
A) consumers are indifferent between two consumption bundles.
B) that would violate the assumption of nonsatiation.
C) each person has a different set of indifference curves.
D) indifference curves are two-dimensional.
Correct Answer:

Verified
Correct Answer:
Verified
Q48: Tim gets constant marginal utility of 4
Q49: The composite good convention:<br>A)allows three-dimensional analysis.<br>B)treats many
Q50: Consumer theory does not specify which goods
Q51: You buy only apples and bananas.Your budget
Q52: Graphically and mathematically illustrate the consumer's optimal
Q54: The law of diminishing marginal utility states
Q55: An indifference curve shows _.<br>A)all the combinations
Q56: If the prices of two goods,X and
Q57: Along an indifference curve,if the MRS of
Q58: A low-fat decaf vanilla latte is more