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.

---

Definitions:

Untrue

A term typically referring to information or statements that are false or not in accordance with the facts.

Effective Advertising

Advertising strategies that successfully convey a message in a way that significantly influences the consumer's perceptions or buying behaviors.

Fraud

Deliberate misrepresentation or deceitful conduct aiming to result in financial or personal gain at the expense of another.

Puffery

Exaggerated or boastful statements made by a seller about a product or service, considered legal and not to be taken as factual claims by consumers.