An indifference curve shows all combinations of two goods that

A. cost the same amount of money.

B. provide the consumer with the same level of satisfaction.

C. the consumer would choose at different prices.

D. the consumer would choose at different levels of income.

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D) the consumer remains indifferent among the different combinations of goods. E) the consumer prefers the combinations of goods that are farther rightward along the indifference curve. 26. As a consumer moves rightward along an indifference curve, A) the relative price of the good measured on the x-axis falls. B) the relative price of the good measured on the y-axis falls. C) the income required to buy the combinations of the goods increases.

18. Which of the following statements is false? A) A consumer possesses a preference map. B) An indifference curve is a line that shows combinations of goods among which a consumer is indifferent. C) A consumer has only one indifference curve. D) The marginal rate of substitution is the rate at which a consumer will give up good y to get an additional unit of good x and remain on the same indifference curve. E) If the indifference curve is steep, the marginal rate of substitution is high.

An indifference curve involving two goods identifies the:

1. Utility maximizing bundles of the two goods associated with a consumer’s utility function.

2. Equilibrium combination of the two goods that can be purchased with a given income.

3. Bundles of the two goods that yield the same level of utility.

4. Possible combinations of the two goods that a consumer can purchase, given income and the prices of the goods.

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An indifference curve shows all combinations of two goods that

A. cost the same amount of money.

B. provide the consumer with the same level of satisfaction.

C. the consumer would choose at different prices.

D. the consumer would choose at different levels of income.

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An indifference curve shows all combinations of two goods that A. cost the same amount of money. B. provide the consumer with the same level of satisfaction. C. the consumer would choose at different prices. D. the consumer would choose at different levels of income.

Unlock all answers

Related textbook solutions

Principles of Economics

Principles of Macroeconomics

Principles of Microeconomics

Related questions

Weekly leaderboard

An indifference curve shows all combinations of two goods that

A. cost the same amount of money.

B. provide the consumer with the same level of satisfaction.

C. the consumer would choose at different prices.

D. the consumer would choose at different levels of income.