Which of the Following Best Describes Why Indifference Curves Cannot

question 245

Multiple Choice

Which of the following best describes why indifference curves cannot cross?​

• A)​If indifference curves cross, there are situations where individuals are indifferent between bundles where one bundle contains strictly more of both goods than the other bundle.
• B)​If indifference curves cross, individuals are not necessarily consuming along their budget line.
• C)​If indifference curves cross, the marginal rate of substitution can be both increasing and decreasing at a specific point.
• D)​If indifference curves cross, the goods can be both substitutes and complements.

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Definitions:

Reversion Interest

A future interest in real estate that reverts back to the original owner, or their heirs, once a particular condition has been met or a specified time has passed.

Prescriptive Easement

A right to use someone else's land, acquired by continuous and open use over a period as prescribed by law.

Boundary

A line or natural feature that marks the limits or borders of a property, territory, or jurisdiction.

Ejectment

The common law name given to the lawsuit brought by a landlord to have a tenant evicted from the premises.