Question

Basket of goods A is on an indifference curve that lies closer to the origin than basket B. From this we know that

A) the prices of the goods in A are less than the prices of the goods in B.

B) the satisfaction from consuming A is more than the satisfaction from consuming B.

C) the marginal utility from consuming A is less than the marginal utility from consuming B.

D) the satisfaction from consuming A is less than the satisfaction from consuming B.

Answer

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