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Basket of Goods a Is on an Indifference Curve That

Question 306

Multiple Choice

Basket of goods A is on an indifference curve that lies closer to the origin than basket B. From this we know that


A) the prices of the goods in A are less than the prices of the goods in B.
B) the satisfaction from consuming A is more than the satisfaction from consuming B.
C) the marginal utility from consuming A is less than the marginal utility from consuming B.
D) the satisfaction from consuming A is less than the satisfaction from consuming B.

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