All combinations of goods along the same indifference curve have the same cost to a consumer.

Name: All combinations of goods along the same indifference curve have the same cost to a consumer.
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Question

Quizplus · Accepted Answer

Goods with the same cost will lie on a budget constraint or budget line, not necessarily the same indifference curve. The combination of goods that lie on the same indifference curve will have the same level of utility, but not necessarily the same cost.

All Combinations of Goods Along the Same Indifference Curve Have