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Indifference curve and utility theory

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Two bundles of oranges and bananas are on the same indifference curve for an individual: (5 oranges, 12 bananas) and (14 oranges, 3 bananas). Which of the following bundles will lie on the same indifference curve?

A. (7 oranges, 12 bananas)
B. (9 oranges, 10 bananas)
C. (11 oranges, 6 bananas)
D. (12 oranges, 3 bananas)

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Solution Summary

The solution provides detailed explanation about how to find the correct option and why the other options are incorrect. It also illustrates the utility theory by graphs of indifference curves.

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C) The number of oranges and bananas in this bundle are between the two given bundles. In addition, this bundle is left to the straight line that crosses the two given bundles, making it possible to form a convex shaped indifference curve.

(A) Is ...

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