A consumer's set of indifference curves provides:
A)a relative ranking of bundles that provide more of all goods.
B)a mechanism to determine market equilibria.
C)a complete ranking of all possible consumption bundles.
D)a ranking of a set of bundles on an indifference curve.

Question

Quizplus · Accepted Answer

Indifference curves represent a consumer's preferences, showing all the combinations of goods that provide the same level of utility to the consumer, thus allowing for a complete ranking of all possible consumption bundles based on their utility.

A Consumer's Set of Indifference Curves Provides