Question:
With good X on the horizontal axis and good Y on the vertical axis, a U shaped indifference curve indicates:
With good X on the horizontal axis and good Y on the vertical axis, a U shaped indifference curve indicates:
Updated On: Mar 11, 2024
- X good, y bad
- X and Y both good
- X good then bad; Y good
- Y good then bad; X good
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The Correct Option is C
Solution and Explanation
The correct option is(C): X good then bad: Y good
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