Indifference curves describe ________.
A)the relationship between current and future income
B)the utility received by an individual consumer
C)the relationship between utility and income
D)productivity levels

Question

Quizplus · Accepted Answer

Indifference curves are graphical representations of an individual consumer's preferences for various combinations of goods, reflecting the level of utility he or she receives from each combination of goods. Therefore, they describe the utility received by an individual consumer.

Indifference Curves Describe ________