The "composite good" refers to
A)large purchases that cannot be incrementally divided.
B)an abstraction requiring more than a three dimensional graph.
C)income not spent on good X in a two-dimensional graphical presentation.
D)the notion that consumer pleasure cannot be modeled graphically.

Question

Quizplus · Accepted Answer

The composite good refers to income not spent on a specific good (in this case referred to as good X) in a two-dimensional graphical presentation. It represents the residual income left after all other goods have been purchased.

The "Composite Good" Refers to