Please consider the following figure: The consumer chooses A on budget line I1 and B on budget line I2.Which of the following rankings describes the consumer's preferences (first is highest ranked and last is lowest ranked)?
A)A-B-C-D
B)A-D-B-C
C)A-B-D-C
D)We do not have enough information to rank all four bundles.

Question

Please consider the following figure:  The consumer chooses A on budget line I1 and B on budget line I2.Which of the following rankings describes the consumer's preferences (first is highest ranked and last is lowest ranked)?
A)A-B-C-D 
B)A-D-B-C 
C)A-B-D-C 
D)We do not have enough information to rank all four bundles.

Quizplus · Accepted Answer

The Answer of Please consider the following figure:  The consumer chooses A on budget line I1 and B on budget line I2.Which of the following rankings describes the consumer's preferences (first is highest ranked and last is lowest ranked)?
A)A-B-C-D 
B)A-D-B-C 
C)A-B-D-C 
D)We do not have enough information to rank all four bundles.

Please Consider the Following Figure: the Consumer Chooses a on Budget