Solved

If an Individual's Utility from Consuming Two Goods Increases, Then

Question 356

Multiple Choice

If an individual's utility from consuming two goods increases, then there must be


A) a downward rotation of the individual's indifference curve.
B) an inward rotation of the individual's indifference curve.
C) an outward shift of the individual's indifference curve.
D) in inward shift of the individual's indifference curve.

Correct Answer:

verifed

Verified

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

Related Questions

Q351: Typically, an individual takes only one newspaper

Q352: When consumers shift away from relatively higher

Q353: A consumer was at an optimum. She

Q354: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q355: If an individual's total utility from consuming

Q357: If total utility is unchanged, then marginal

Q358: In economics, utility is defined as<br>A) the

Q359: Consumers are most satisfied when<br>A) all of

Q360: When you purchase the lower-priced store brand

Q361: Utility analysis helps economists understand<br>A) how people