Assume That Two Combinations of Two Goods Yield the Same

question 110

Multiple Choice

Assume that two combinations of two goods yield the same level of satisfaction.We can conclude that these combinations are always on:

• A)the same price line.
• B)the same budget constraint.
• C)the same indifference curve.
• D)different indifference curves.

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Definitions:

Indifference Curves

Graphs representing different combinations of goods that give a consumer equal levels of satisfaction, thereby indicating their preferences.

Bundle

A combination of different goods or services that are sold together as a single package.

Indifference Curves

Graphical representations in microeconomics that show combinations of two goods among which a consumer is indifferent, meaning they have no preference for one combination over the other.

Bundle

A combination of different products or services grouped together, often for promotional or pricing strategies.