Consider the following three market baskets:Table 3.1

-Refer to Table 3.1. If preferences satisfy all four of the basic assumptions:
A) A is on the same indifference curve as B.
B) B is on the same indifference curve as C.
C) A is preferred to C.
D) B is preferred to A.
E) Both A and B answer choices are correct.

Question

Consider the following three market baskets:Table 3.1
 
-Refer to Table 3.1. If preferences satisfy all four of the basic assumptions:
A) A is on the same indifference curve as B. 
B) B is on the same indifference curve as C. 
C) A is preferred to C. 
D) B is preferred to A. 
E) Both A and B answer choices are correct.

Quizplus · Accepted Answer

The Answer of Consider the following three market baskets:Table 3.1
 
-Refer to Table 3.1. If preferences satisfy all four of the basic assumptions:
A) A is on the same indifference curve as B. 
B) B is on the same indifference curve as C. 
C) A is preferred to C. 
D) B is preferred to A. 
E) Both A and B answer choices are correct.

Consider the Following Three Market Baskets:Table 3.1