An indifference curve
A)is a locus of bundles of goods such that each good in every bundle yields equal satisfaction.
B)is a locus of bundles of goods such that the consumer is indifferent between each good in every bundle.
C)is a locus of bundles of goods such that the consumer is indifferent between each of the bundles.
D)All of the above.

Question

Quizplus · Accepted Answer

An indifference curve represents combinations of goods between which a consumer is indifferent, meaning they derive the same level of utility or satisfaction from each combination. Choices A and B misrepresent the concept by suggesting equality in satisfaction from each good or indifference between goods within a bundle, rather than between bundles.

An Indifference Curve