Use the Following Statements to Answer This Question

question 75

Multiple Choice

Use the following statements to answer this question. I. The numerical labels attached to indifference curves are meaningful only in an ordinal way.
II) The numerical labels attached to isoquants are meaningful only in an ordinal way.

• A) both I and II are true.
• B) I is true, and II is false.
• C) I is false, and II is true.
• D) both I and II are false.

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