What is a bundle in terms of utility?
A)A specific combination of goods and services an individual could consume.
B)The number of people that choose a particular combination of goods.
C)A curve describing different combinations of goods and services an individual could choose to consume.
D)The sale of goods or services at a discounted price.

Question

Quizplus · Accepted Answer

A bundle, in the context of utility, refers to a specific combination of goods and services that an individual could consume. It represents a particular assortment or mix of items that a consumer might choose, allowing economists to analyze preferences and utility derived from different bundles.

What Is a Bundle in Terms of Utility