A consumer likes two goods: hamburgers and watermelons. The five bundles shown in the table below lie on the same indifference curve for the consumer.

Which of the following statements regarding these bundles is correct?
A)The goods are perfect substitutes for this consumer.
B)The goods are perfect complements for this consumer.
C)The bundles violate the property that indifference curves do not cross.
D)Both b) and c) are correct.

Question

A consumer likes two goods: hamburgers and watermelons. The five bundles shown in the table below lie on the same indifference curve for the consumer.

Which of the following statements regarding these bundles is correct?
A)The goods are perfect substitutes for this consumer. 
B)The goods are perfect complements for this consumer. 
C)The bundles violate the property that indifference curves do not cross. 
D)Both b) and c) are correct.

Quizplus · Accepted Answer

The Answer of A consumer likes two goods: hamburgers and watermelons. The five bundles shown in the table below lie on the same indifference curve for the consumer.

Which of the following statements regarding these bundles is correct?
A)The goods are perfect substitutes for this consumer. 
B)The goods are perfect complements for this consumer. 
C)The bundles violate the property that indifference curves do not cross. 
D)Both b) and c) are correct.

A Consumer Likes Two Goods: Hamburgers and Watermelons