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Author Question: Which of the following best describes the assumption on which indifference theory is based? (Read 72 times)

knightj

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on: Oct 12, 2022
Which of the following best describes the assumption on which indifference theory is based?
◦ The consumer receives the same utility and is therefore indifferent between any two consumption bundles.
◦ Consumers are not able to rank consumption bundles in order of preference.
◦ The consumer is able to quantify the difference in total utility received from two different consumption bundles.
◦ The consumer has equated the marginal utilities of all products, and is therefore indifferent between consumption bundles.
◦ Consumers can always say which of two consumption bundles they prefer without having to say by how much they prefer it.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by knightj on Oct 12, 2022

bainer89

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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knightj

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

aruss1303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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