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In the diagram to the right, we have five different combinations of movies and b

ID: 3487871 • Letter: I

Question

In the diagram to the right, we have five different combinations of movies and books, Combination A represents 2 movies and 3 books. Combination C represents more books (7) and the same number of movies (2). Points B, E, and F are other combinations with more movies, more books, or more of both . Note that an indifference Curve has been added. We now know that When compared to combination E, combination B provides less satisfaction to the consumer 8 51st-ran When compared to combination E, combination C provides satisfaction to the consumer more the same leSS 0 1 2 3 4 5 6 7 8 9 10 Movies

Explanation / Answer

answer : the same

In an indifference curve, there is no greater preference of one combination over the other. That is, it is called indifference curve because there is no difference in the preference of combinations of quantities by the consumers, and can be said that every point in the graph gives same satisfaction or utility level to the consumer,