Market basket B is to the northwest of basket A but lies on the same indifference curve for a consumer. Market basket C also lies to the northwest of A but is above the indifference curve. This consumer

a. prefers C to A.
b. is also indifferent between A and C.
c. prefers B to A.
d. prefers C to B.

a. prefers C to A.

Economics

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Over the period 1960-2010, the United States economy grew at roughly

A) 2.1 percent. B) 3 percent. C) 4 percent. D) one percent. E) 3.5 percent.

Economics

What is the price elasticity of demand? How is the price elasticity of demand calculated?

What will be an ideal response?

Economics