At two points on an indifference curve,a. the consumer has the same income.b. the consumer has the same marginal rate ofsubstitution.c. the bundles of goods cost the consumer the sameamount.d. the bundles of goods yield the consumer thesame satisfaction.
At two points on an indifference curve,a. the consumer has the same income.b. the consumer has the same marginal rate ofsubstitution.c. the bundles of goods cost the consumer the sameamount.d. the bundles of goods yield the consumer thesame satisfaction.
Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 2CQQ
Related questions
Question
At two points on an indifference curve,
a. the consumer has the same income.
b. the consumer has the same marginal rate of
substitution.
c. the bundles of goods cost the consumer the same
amount.
d. the bundles of goods yield the consumer the
same satisfaction.
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