Indifference curve analysis is based on a mythical unit called a util.
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Q262: Exhibit 6A-7 Consumer equilibrium Q263: As one moves down and along a Q264: Exhibit 6A-7 Consumer equilibrium Q265: A budget line represents all combinations of Q266: Each point along an indifference curve represents Q267: Given the budget lines and indifference curves Q268: Indifference curves that are farther from the Q270: Indifference curve slopes upward from left to Q271: Indifference curves that are closest to the Q272: Indifference curve analysis is based on numerical
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