If Two Bundles Are on the Same Indifference Curve,then

question 101

Multiple Choice

If two bundles are on the same indifference curve,then

• A)the consumer derives the same level of utility from each.
• B)the consumer derives the same level of ordinal utility from each but not the same level of cardinal utility.
• C)no comparison can be made between the two bundles since utility cannot really be measured.
• D)the MRS between the two bundles equals one.

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Definitions:

Intellectual Disability

Intellectual disability is a term used when there are significant limitations both in intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.

Specific Learning Disabilities

Disorders that impact specific areas of learning and academic performance, such as dyslexia or dyscalculia, not caused by external factors.

Intellectual Disabilities

Conditions characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.

Normal IQ

A score on an intelligence test that falls within the average range, typically defined as an IQ between 85 and 115.