What Does a Single Indifference Curve Represent

question 113

Multiple Choice

What does a single indifference curve represent?

• A) a bundle of goods
• B) a budget
• C) a level of utility
• D) decreasing marginal utility

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Definitions:

Copula

A word used to link the subject of a sentence to a subject complement, typically a form of the verb “to be.”

Standard Form

A predefined and universally accepted way of presenting mathematical, logical, or scientific data and statements.

Declarative English

Sentences in English that state a fact or argument, providing information in a straightforward manner.

Predicate

A part of a sentence or an equation that states something about the subject and usually contains a verb.