An indifference curve represents:
A)a complete preference ordering.
B)consumption bundles of equivalent value.
C)average preferences.
D)complete apathy.

Question

Quizplus · Accepted Answer

An indifference curve represents all consumption bundles that provide the consumer with the same level of utility or satisfaction. Therefore, these bundles have equivalent value to the consumer and are considered to be on the same indifference curve. Thus, option B is the correct answer.

An Indifference Curve Represents