Short Answer

Ranking Consumption Bundles

An individual's daily consumption consists of two goods: hours of free time and units of grain. Their current bundle is 20 hours of free time and 60 units of grain. A new potential bundle is 21 hours of free time and 58 units of grain. Based only on the principle that a bundle is considered better if it contains more of at least one good and no less of the other, explain why it is not possible to determine if the new bundle is preferred to the current one.

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Updated 2025-09-20

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