Basket of Goods a Is on an Indifference Curve That

question 66

Multiple Choice

Basket of goods A is on an indifference curve that lies further from the origin than basket B. From this we know that

• A) the prices of the goods in A are more than the prices of the goods in B.
• B) the satisfaction from consuming A is more than the satisfaction from consuming B.
• C) the marginal utility from consuming A is more than the marginal utility from consuming B.
• D) all other consumers would also rank B above A.

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