Figure 5-8
-In Figure 5-8, the consumer is indifferent between the combinations of beer and wine coolers indicated by points

Question

Figure 5-8 
-In Figure 5-8, the consumer is indifferent between the combinations of beer and wine coolers indicated by points

Quizplus · Accepted Answer

In the context of indifference curves, if a consumer is indifferent between two combinations of goods, it means those combinations lie on the same indifference curve. Points A and B, being on the same curve, represent combinations of beer and wine coolers between which the consumer is indifferent.

Figure 5-8 -In Figure 5-8, the Consumer Is Indifferent Between the Combinations