All pairs of quantities from which a consumer derives equal satisfaction can be plotted on__________?
An indifference curve
An exceptional demand curve
A budget line
An isoquant map
Explanation
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most of d time and they don't take to correction immediately..... pls myschool we are on our knees
This should be A cuz an indifference curve is a graph showing the possible combinations of 2 commodities each yielding the same satisfaction or utility to the consumer while budget line is a graph showing the combination of two commodities that can be acquired/purchased at the given prices within the income of the consumer.
is A not C bcos indifference curve is a curve that shows the various combination of two goods that gives equal satisfaction..... while budget line is a line that shows the various combination of two goods a consumer can buy given their price and the income of the consumer
Here is an explanation:
An indifference curve is a line showing all the combinations of two goods which give a consumer equal utility.
The Budget Line, also called as Budget Constraint shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level. ... But, he has two strong constraints: limited income and given the market price of goods and services.
while
An indifference curve is the locus of various points showing different combinations of two goods providing equal satisfaction and utility to the consumer.
Therefore the answer is A
Please i would advise for the sake of misleading people with numerous wrong answers here, Myschool Limited should critically review all the ANSWERS provided without delay.
