If Two Bundles of Goods Give a Consumer the Same

question 84

Multiple Choice

If two bundles of goods give a consumer the same satisfaction, the consumer must be

• A)on her budget constraint.
• B)in a position of equilibrium.
• C)indifferent between the bundles.
• D)Both a and c are correct.

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Definitions:

Secondary Reinforcers

Stimuli that have no inherent value but have acquired reinforcing qualities through their association with primary reinforcers.

Coins

Metal pieces issued by a government as money, typically round in shape and used as a medium of exchange for goods and services.

Blue Ribbon

A symbol of high quality or achievement, often awarded in competitions.

Candy

Sweet confections made primarily from sugar or syrup, often combined with fruit, chocolate, nuts, or other flavorings.