Figure 3.1.1
-A curve that represents all combinations of market baskets that provide the same level of utility to a consumer is called:
A) a budget line.
B) an isoquant.
C) an indifference curve.
D) a demand curve.

Question

Figure 3.1.1
-A curve that represents all combinations of market baskets that provide the same level of utility to a consumer is called:
A) a budget line. 
B) an isoquant. 
C) an indifference curve. 
D) a demand curve.

Quizplus · Accepted Answer

A curve that represents all combinations of market baskets that provide the same level of utility to a consumer is called an indifference curve. The other options (a budget line, an isoquant, and a demand curve) all represent different concepts and relationships in economics.

Figure 3.1.1 -A Curve That Represents All Combinations of Market Baskets That