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Budget Line & Optimal Choice · Question 47 of 67

Question 47

MediumOriginal question

Which pair of bundles could lie on the same indifference curve, with monotonic preferences?

Options for question 47

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. Bundles on one curve must trade more of one good for less of the other.

  2. (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 time
70 s
Your time
—
The rule this testsIndifference curves and MRS
Practise this chapter →

Ten questions from Budget Line & Optimal Choice, at your own pace.

Practise this chapter →

Ten questions from Budget Line & Optimal Choice, at your own pace.