Homogeneous goods are ________. A) perfect complements B) ...

[itsmyluck]

Homogeneous goods are ________.
 
  A) perfect complements
  B) perfect substitutes
  C) similar but not identical
  D) always inferior

Question 2

Refer to the figure above. In comparison to the bundles on IC1, the bundles on IC3:
 
  A) give the same level of utility and are affordable.
  B) give the same level of utility but are not affordable.
  C) give a higher level of utility and are affordable.
  D) give a higher level of utility but are not affordable.

[xMRAZ]

Answer to Question 1

B

Answer to Question 2

D

[itsmyluck]

Excellent

[aliotak]

Thanks for the timely response, appreciate it