A consumption possibility set is the set of bundles feasible for a society's agents to consume.

Question

Quizplus · Accepted Answer

A consumption possibility set represents the combinations of goods and services that are achievable for a society's agents to consume, given the available resources and technology. It is a feasible set because it includes all combinations of goods and services that are possible to produce and can be allocated among the agents. Therefore, option A is correct.

A Consumption Possibility Set Is the Set of Bundles Feasible