Q890
We have asked Mac to rank his preference between three market basket - 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 is on a higher indifference curve than C, but it is not possible to determine whether C is on a higher, lower or same indifference curve than A
C.
C is on a higher indifference curve
D.
Both A and B are on a higher indifference curve than C
AnswerAnswer: Option D
Solution
Answer: Option D
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