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nakungth nakungth
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6 years ago
Use the following statements to answer this question.
I.   The numerical labels attached to indifference curves are meaningful only in an ordinal way.
II.   The numerical labels attached to isoquants are meaningful only in an ordinal way.
A) both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) both I and II are false.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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6 years ago
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nakungth Author
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#2
5 years ago
Thank you!
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