To find her optimal consumption bundle,Vanessa would have 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 one.
C)calculate her budget for each consumption bundle and identify the substitution and income effects of each 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 one, allowing her to choose the bundle that maximizes her utility within her budget constraints.

To Find Her Optimal Consumption Bundle,Vanessa Would Have To