Which points provide the same amount of utility in the graph, economics homework help
FYI – All the point are supposed to lie on the indifference curves for these questions even if they appear a touch off.
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Based on the budget constraint and 3 indifference curves shown here we know that:
A. | Consumption bundles Y and X provide the same utility | |
B. | Consumption bundles Y and Z provide the same utility | |
C. | Apples cost $1 and pizzas cost $4 | |
D. | Consumption bundles X and W provide the same utility |
I 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!