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moses kemboi
on Oct 27, 2024

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A curve that represents combinations of two goods that yield equal levels of satisfaction is a(n) :

A) indifference curve.
B) budget curve.
C) marginal utility curve.
D) price-consumption curve.

Indifference Curve

An indifference curve represents a series of combinations of two goods or services that give an individual equal satisfaction and utility, illustrating consumer preferences.

Satisfaction Levels

Refers to the degree of contentment or fulfillment that individuals or consumers get from the consumption of goods or services.

  • Understand the concept and properties of indifference curves.
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KC
Kyleen ColonOct 29, 2024
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