If Two Combinations of Two Goods Yield the Same Level

question 62

Multiple Choice

If two combinations of two goods yield the same level of satisfaction,then they are on:

• A)the same price line.
• B)the same budget constraint.
• C)the same indifference curve.
• D)different indifference curves.

---

Definitions:

Sample mean

The average of a set of data points or observations taken from a larger population.

Checkout times

The duration or period it takes for a customer to complete a purchase transaction from start to finish.

Confidence interval

A range of values, derived from sample data, that is believed to contain the true value of a population parameter with a certain probability.

SAT scores

Scores resulting from the Scholastic Assessment Test, a standardized test widely used for college admissions in the United States.