A curve that connects all the consumption combinations that yield the same level of utility is known as
A)an isoquant.
B)a yield curve.
C)a budget line.
D)an indifference curve.

Question

Quizplus · Accepted Answer

An indifference curve represents combinations of goods or services that provide the consumer with the same level of satisfaction or utility. The other options, such as an isoquant (used in production theory) and a yield curve (used in finance), are not relevant to consumer choice theory. A budget line shows the combinations of two goods that a consumer can purchase given a budget constraint.

A Curve That Connects All the Consumption Combinations That Yield