In economics, consumption bundles are:
A)utility functions.
B)bags used by retail merchants.
C)preference orderings.
D)combinations of goods and services.

Question

Quizplus · Accepted Answer

Consumption bundles represent combinations of goods and services that consumers choose to purchase and consume. Therefore, option D is the correct answer. Option A refers to the mathematical representation of consumer preferences, option B is incorrect, and option C refers to the ranking of preferences between different consumption bundles.

In Economics, Consumption Bundles Are