A consumer has preferences over two goods: books and movies.The two bundles shown in the table below lie on the same indifference curve for the consumer.
Which of the following bundles could not lie on the same indifference curve with A and B and satisfy the four properties of indifference curves?
A) 1 movie and 5 books
B) 3 movies and 3 books
C) 5 movies and 1 book
D) 1 movie and 7 books
Correct Answer:
Verified
Q139: Each of the following are characteristics of
Q140: Figure 21-7 Q141: Higher indifference curves are preferred to lower Q142: Which of the following is a property Q145: Which of the following is a property Q291: Bundle A contains 10 units of good Q323: The rate at which a consumer is Q324: The marginal rate of substitution is Q336: Indifference curves tend to be bowed inward Q356: Which of the following is not correct?
A)the slope
A)Indifference
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