Posted: May 15th, 2021
Which points provide the same amount of utility in the graph, economics homework help
Assessment Brief
FYI - All the point are supposed to lie on the indifference curves for these questions even if they appear a touch off.Based on the budget constraint and 3 indifference curves shown here we know that:A.Consumption bundles Y and X provide the same utilityB.Consumption bundles Y and Z provide the same utilityC.Apples cost $1 and pizzas cost $4D.Consumption bundles X and W provide the same utilityI chose A but correct me if I'm wrong.I would also like an explanation to why they would provide the same utility or why the consumption bundles would be the same price together. Thanks!
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