Consider the following three market baskets:
Table 3.1
-Consider the following three market baskets: If baskets B and C are on the same indifference curve,and if preferences satisfy all four of the basic assumptions,then:
A)A is preferred to C.
B)A is preferred to B.
C)Both A and B answer choices are correct.
D)none of the above

Question

Consider the following three market baskets:
Table 3.1 
-Consider the following three market baskets:  If baskets B and C are on the same indifference curve,and if preferences satisfy all four of the basic assumptions,then:
A)A is preferred to C. 
B)A is preferred to B. 
C)Both A and B answer choices are correct. 
D)none of the above

Quizplus · Accepted Answer

The Answer of Consider the following three market baskets:
Table 3.1 
-Consider the following three market baskets:  If baskets B and C are on the same indifference curve,and if preferences satisfy all four of the basic assumptions,then:
A)A is preferred to C. 
B)A is preferred to B. 
C)Both A and B answer choices are correct. 
D)none of the above

Consider the Following Three Market Baskets