If Two Bundles Are on the Same Indifference Curve,then

question 29

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) B and C.

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Definitions:

Network Design Model

A strategic approach to determining the most efficient configuration of a supply chain network, including location of facilities, and distribution routes.

Variable

A quantity or element that can change or be changed within a mathematical formula, experiment, or model.

Multi-channel Capabilities

The ability of a business to interact with its customers through multiple channels, such as physical locations, online, and over the phone, in a cohesive and integrated manner.

Online Ordering

The method of purchasing goods or services via the internet.