Question : ______shows a variety of combinations of these two products that provide the same level of satisfaction:-
Option 1: Indifference curve
Option 2: ISO quant
Option 3: Marginal utility curve
Option 4: ISO cost curve
Answer (1)
21st Jan, 2024
Correct Answer: Indifference curve
Solution :
An indifference curve depicts a combination of two goods in varying quantities that provides an individual with equal satisfaction (utility).
Hence option a is the correct answer.
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