An Indifference Curve

question 87

Multiple Choice

An indifference curve

• A) connects a set of consumption bundles among which the consumer is indifferent.
• B) is only useful in analyzing apathetic consumers.
• C) connects a set of consumers who each have the same preferences.
• D) is only useful in microeconomics.

---

Definitions:

Independent Samples T-Test

A statistical test used to determine if there are significant differences between the means of two unrelated groups on a continuous outcome.

Statistically Significant Difference

A difference between two groups or variables that is unlikely to have occurred due to chance alone, as determined by statistical analysis.

Consumers

Individuals who purchase goods and services for personal use.

Sample Size

The number of observations or elements selected from a population to be included in a statistical sample.