Question

Indifference curve analysis Select one: A. presumes only that the consumer can say one combination of two goods yields more or less utility than some other combination. B. is in conflict with the idea of a downsloping demand curve. C. presumes, unlike utility analysis, that satisfaction is numerically measurable. D. presumes, as does utility analysis, that satisfaction is numerically measurable

Answer 1

Answer:

A. presumes only that the consumer can say one combination of two goods yields more or less utility than some other combination

Explanation:

• An indifference curve is a curve is a graph that shows the combination of two goods that have been given a consumer equilibrium. Along utility and thus they make a consumer difference and are said to be a heuristic device that is used in the contemporary microeconomics to demonstrates the your preferences and the limitations of a budget.