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We Have Asked Mac to Rank His Preferences Between Three

Question 41

Multiple Choice

We have asked Mac to rank his preferences between three market baskets,A,B,and C.If Mac prefers B to C but does not care if he gets A or B,then


A) A is on a higher indifference curve than B.
B) B and C are on the same indifference curve.
C) Both A and B are on a higher indifference curve than C.
D) C is on a higher indifference curve than A.
E) B is on a higher indifference curve than C but it is not possible to determine whether C is on a higher, lower, or the same indifference curve as A.

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