A curve where every combination of the two goods being considered yields the same level of satisfaction is known as
A) a marginal utility curve.
B) a total utility curve.
C) an indifference curve.
D) a budget constraint.

Question

Quizplus · Accepted Answer

An indifference curve represents the different combinations of two goods that yield the same level of satisfaction. Therefore, the answer is C. A marginal utility curve indicates the additional satisfaction gained from consuming one more unit of a good. A total utility curve shows the total satisfaction gained from consuming a certain quantity of a good. A budget constraint reflects the trade-offs a consumer faces between the two goods based on their prices and the consumer's income.

A Curve Where Every Combination of the Two Goods Being