Multiple Choice
Suppose you have two indifference curves U1 and U2 representing the consumption of two normal goods.If U2 is twice as far from the origin as U1,then _____.
A) consuming a bundle on U1 is preferred two times more than consuming a bundle on U2
B) consuming a bundle on U1 has a higher utility than consuming a bundle on U2
C) consuming a bundle on U2 is preferred two times less than consuming a bundle on U1
D) consuming a bundle on U2 has a higher utility than consuming a bundle on U1
Correct Answer:
Verified
Correct Answer:
Verified
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