Consumer Choice During the FIFA World Cup

Answer the following questions to check your understanding of the story.

What is the relationship between FIFA tickets and LA Metro bus tickets for a soccer fan who has no way to reach SoFi Stadium other than by LA Metro bus?

a) Perfect complements

b) Complements, but not perfect

c) Substitutes, but not perfect

d) Perfect substitutes

What is the shape of this fan's indifference curves for FIFA tickets and LA Metro bus tickets?

a) Convex to the origin

b) A negatively-sloped straight line

c) L-shaped

d) A positively-sloped straight line

What is the soccer fan’s best affordable point?

The fan’s best affordable point is ___________.

a) any point on the budget line

b) at the corner of the highest attainable indifference curve

c) the point at which the marginal rate of substitution equals the relative price

d) any point on the highest attainable indifference curve

Consumer Choice During the FIFA World Cup

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