Question

An indifference curve shows the various bundles of goods that:_________ A. all cost the same amount of money. B. make the consumer equally happy. C. can be purchased on the open market. D. are overpriced.

Answer 1

Answer:

B. make the consumer equally happy.

Explanation:

An indifference curve can be defined as the graphical representation of two products (commodities) that gives a customer equal utility and satisfaction and as such making him or her indifferent about them as they are equally happy.

Hence, an indifference curve shows the various bundles of goods that make the consumer equally happy.