A curve showing different combinations of two products that give a consumer the same satisfaction is
A)a paradox of value.
B)an indifference curve.
C)total utility.
D)an indifference map.
E)a utility curve.

Question

Quizplus · Accepted Answer

An indifference curve is a curve that shows different combinations of two products that give a consumer the same level of satisfaction. Therefore, B is the correct choice. A is incorrect because the paradox of value refers to the fact that some necessities (like water) have a low monetary value, while some non-necessities (like diamonds) have a high monetary value. C is incorrect because total utility refers to the overall amount of satisfaction a consumer gets from consuming a product, not the combinations of products that give the same satisfaction. D is incorrect because an indifference map is a collection of indifference curves, not a single curve. E is incorrect because there is no such thing as a utility curve.

A Curve Showing Different Combinations of Two Products That Give