Question 47
MediumOriginal questionWhich pair of bundles could lie on the same indifference curve, with monotonic preferences?
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Bundles on one curve must trade more of one good for less of the other.
(5, 4) has more of good 1 and less of good 2 than (3, 7). Each of the others has more of one and no less of the other (or less of both), so it is strictly better or worse.
- Concept
- Bundles on one indifference curve
- Typical timeTypical
- 70 s
- Your timeYours
- —
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