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Mary has been asked to rank her preferences between three baskets of goods, X, Y, and Z. If Mary prefers Y to Z but does not care if she gets X or Y, then:______.
a. Z is on a lower indifference curve than X.
b. Y and Z are on the same indifference curve.
c. X is on a higher indifference curve than Y. Mary is indifferent between baskets X and Y. Therefore, these two points must be on the same indifference curve.
d. Y is on a higher indifference curve than Z but it is impossible to determine whether Z is on a higher, lower, or the same indifference curve as X.

Respuesta :

Answer:

Hey

Explanation:I need points to keep going

Mary has been asked to rank the three baskets of goods—X, Y, and Z—in order of her choices. If Mary would rather have Y than Z but is unconcerned whether she receives X or Y, Z is on a lower indifference curve than X. Option (a) is correct, so.

What is goods?

Anything can be considered a good, including merchandise, suppliers, raw materials, and finished goods. All movable goods that are sold to a specific customer.

If Mary prefers Y to Z but does not care whether she receives X or Y, then Z is on a lower indifference curve than X.

As a result, option (a) is correct.

Learn more about on goods, here:

https://brainly.com/question/15090683

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