What Is an Indifference Curve

question 184

Multiple Choice

What is an indifference curve?

• A) It is a curve that shows the total utility and the marginal utility derived from consuming a bundle of goods.
• B) It is a curve that shows the combinations of consumption bundles that gives the consumer the same utility.
• C) It is a curve that shows ranks a consumer's preference for various consumption bundles.
• D) It is a curve that shows the tradeoff a consumer faces among different combinations of consumption bundles.

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