An indifference Curve represents_______ Multiple Choice a)The maximum utility av

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

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