-Lizzie's preferences are shown in the figure above. Lizzie is just as happy to have _______ as she is to have _______.
A) 4 comic books and 8 cookies; 6 comic books and 12 cookies
B) 2 comic books and 12 cookies; 4 comic books and 8 cookies
C) 2 comic books and 12 cookies; 8 comic books and 8 cookies
D) 6 comic books and 6 cookies; 5 comic books and 13 cookies

Question

-Lizzie's preferences are shown in the figure above. Lizzie is just as happy to have _______ as she is to have _______.
A) 4 comic books and 8 cookies; 6 comic books and 12 cookies 
B) 2 comic books and 12 cookies; 4 comic books and 8 cookies 
C) 2 comic books and 12 cookies; 8 comic books and 8 cookies 
D) 6 comic books and 6 cookies; 5 comic books and 13 cookies

Quizplus · Accepted Answer

Lizzie's preferences can be understood through the concept of indifference curves, which represent combinations of goods between which a consumer is indifferent. In this case, choice B correctly identifies two combinations of comic books and cookies that would provide Lizzie with the same level of utility or happiness, assuming a linear relationship between the two goods in her preference structure.

-Lizzie's Preferences Are Shown in the Figure Above