A Graph That Shows the Maximum Combinations of Two Goods

question 142

Multiple Choice

A graph that shows the maximum combinations of two goods which a consumer can purchase with a given money income is

• A)the production possibilities curve.
• B)an indifference curve.
• C)a demand curve.
• D)a budget line.

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Definitions:

Probability Histogram

A graphical representation of the probability distribution of a continuous variable, showing the probabilities of different outcomes.

Probability Histogram

A graphical representation showing the distribution of probabilities rather than frequencies for a set of intervals or categories of a continuous variable.

Discrete Random Variables

Variables that can take on a countable number of distinct and separate values.

Event A

A specific outcome or type of outcome within a probability experiment.