A bundle:
A)is a unique combination of goods and services an individual could choose to consume.
B)describes the amount of people that choose a particular combination of goods.
C)is a curve describing different combinations of goods and services an individual could choose to consume.
D)is a function that calculates the total utility that a particular person derives from consuming a combination of goods and services.

Question

Quizplus · Accepted Answer

A bundle is a combination of goods and services that an individual can consume. Bundles are unique and can vary from person to person based on their preferences and budget constraints. B, C, and D do not accurately describe what a bundle is.

A Bundle