An indifference curve illustrates
A) a firm's profits.
B) a consumer's budget.
C) a consumer's preferences.
D) the prices of two goods.

Question

Quizplus · Accepted Answer

An indifference curve represents a consumer's preferences by showing the different combinations of two goods that provide the same level of satisfaction or utility to the consumer. It does not relate to a firm's profits, a consumer's budget or the prices of two goods.

An Indifference Curve Illustrates