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Consider a situation where the consumer has a choice between apples and peaches. Consumption point A is comprised of three apples and three peaches, and
Consider a situation where the consumer has a choice between apples and peaches. Consumption point A is comprised of three apples and three peaches, and consumption point B is comprised of four apples and two peaches. Which of the following is true? Select the correct answer below: If point A lies on a higher indifference curve that point B, it means that point A yields a higher utility If point B lies on a higher indiffrerence curve than point A, it means that point B yields a higher utility If points A and B lie on the same indifference curve it means they both yield the same level of utility. all of the above are true
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