Solved

The Figure Given Below Represents Two Indifference Curves I1 and I2

Question 9

Multiple Choice

The figure given below represents two indifference curves I1 and I2 of an individual.Figure 7.2
The figure given below represents two indifference curves I<sub>1</sub> and I<sub>2</sub> of an individual.Figure 7.2    -Refer to Figure 7.2. Which of the following statements is true? A) Point B yields a greater level of satisfaction than point D. B) Points A and E yield the same level of satisfaction. C) Point B yields a greater level of satisfaction than point C. D) I<sub>2</sub> represents a greater level of satisfaction than I<sub>1</sub>. E) Point C yields a lower level of satisfaction than point D.
-Refer to Figure 7.2. Which of the following statements is true?


A) Point B yields a greater level of satisfaction than point D.
B) Points A and E yield the same level of satisfaction.
C) Point B yields a greater level of satisfaction than point C.
D) I2 represents a greater level of satisfaction than I1.
E) Point C yields a lower level of satisfaction than point D.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions