Multiple Choice
Figure 6.6
-Refer to Figure 6.6.Given the budget constraint in the diagram, which of the following statements is false?
A) The consumer receives the same level of utility from consumption bundles d, e and f.
B) Consumption bundles b and c yield the same level of utility, which is higher than the utility represented by bundle a.
C) Although the consumer receives the same level of utility from bundles d and e, she cannot afford to purchase bundle d.
D) The consumer's optimal bundle could be bundle d, e or f.
Correct Answer:

Verified
Correct Answer:
Verified
Q44: Which of the following is not a
Q48: Avner is maximising total utility by buying
Q49: Suppose Barry is maximising his utility from
Q52: Suppose Joe is maximising total utility within
Q56: Table 6.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 6.1
Q58: What is marginal utility?<br>A)Total satisfaction received from
Q117: Many economists do not believe that network
Q234: If you received negative marginal utility from
Q300: Sunk costs<br>A)are costs associated with repairing something
Q303: Consider a downward-sloping demand curve.When the price