If two consumption bundles lie on the same indifference curve,then:
A) the consumer prefers the bundle that is farthest from the origin.
B) the consumer does not prefer one bundle over the other.
C) the consumer prefers the bundle that is farthest to the right on the indifference curve.
D) the consumer prefers the bundle that is farthest to the left on the indifference curve.

Question

Quizplus · Accepted Answer

If two consumption bundles lie on the same indifference curve, it means that the consumer assigns the same level of satisfaction to both bundles. Therefore, the consumer does not prefer one over the other, and the answer is B. Choices A, C, and D are incorrect because they assume that the consumer has a preference for one bundle over the other, which is not the case when the bundles lie on the same indifference curve.

If Two Consumption Bundles Lie on the Same Indifference Curve,then