If Vanessa needed to find her optimal consumption bundle, she would need to be able to:
A)calculate the numerical value of the utility she receives from each specific consumption bundle.
B)rank-order consumption bundles based on the level of utility she receives from each consumption bundle.
C)calculate her budget for each consumption bundle.
D)choose her bundles in an irrational manner.

Question

Quizplus · Accepted Answer

To find her optimal consumption bundle, Vanessa needs to rank-order consumption bundles based on the level of utility she receives from each, allowing her to choose the bundle that maximizes her utility within her budget constraints.

If Vanessa Needed to Find Her Optimal Consumption Bundle, She