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

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

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.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

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Fleury

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More solutions for this book are available here

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radiants Author

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6 years ago

Good timing, thanks!

Mcb

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Yesterday

Thanks

nicolepope23

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2 hours ago

Correct

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