An indifference Curve represents_______ Multiple Choice a)The maximum utility av
ID: 1225411 • Letter: A
Question
An indifference Curve represents_______
Multiple Choice
a)The maximum utility available to any given consumer
b) the optimal graphical tool to decide what you should purchase.
c) all points of consumption which satisfy a consumer's budget constraint.
d) all possible combinations of goods with the same corresponding level of utility.
a)The maximum utility available to any given consumer
b) the optimal graphical tool to decide what you should purchase.
c) all points of consumption which satisfy a consumer's budget constraint.
d) all possible combinations of goods with the same corresponding level of utility.
Explanation / Answer
Solution: D all possible combinations of goods with the same corresponding level of utility
Explanation: Indifference curve is a curve showing the different combinations of two goods that provides same satisfaction to a consumer