### Understanding Indifference CurvesPoints along an indifference curve represent bundles of goods that:- ○ **Decline in marginal utility.**- ○ **Deliver equal utility.**- ○ **Consumers don’t like very much.**- ○ **Cost the same amount to buy.**- ○ **Cannot be compared.**An indifference curve is a graph showing different bundles of goods between which a consumer is indifferent. Each point on the curve indicates a combination of two goods that provide equal satisfaction and utility to the consumer.

The indifference curve refers to a particular point on the budget line, which highlights the…

Points along an indifference curve represent bundles of goods that: decline in marginal utility. deliver equal utility. consumers don't like very much. cost the same amount to buy. cannot be compared.

Points along an indifference curve represent bundles of goods that: decline in marginal utility. deliver equal utility. consumers don't like very much. cost the same amount to buy. cannot be compared.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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### Understanding Indifference Curves

Points along an indifference curve represent bundles of goods that:

- ○ **Decline in marginal utility.**

- ○ **Deliver equal utility.**

- ○ **Consumers don’t like very much.**

- ○ **Cost the same amount to buy.**

- ○ **Cannot be compared.**

An indifference curve is a graph showing different bundles of goods between which a consumer is indifferent. Each point on the curve indicates a combination of two goods that provide equal satisfaction and utility to the consumer.

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