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Home Q & A Board Other Fields Homework Help Business Economics
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PaulKet PaulKet
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Posts: 488
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6 years ago
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) the MRS between the two bundles equals one.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 80 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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unExpectedunExpected
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6 years ago
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PaulKet Author
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#2
5 years ago
Really helpful, thank you so very much Smiling Face with Open Mouth
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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