The combinations of petrol and coffee along one of Sam's indifference curves are combinations
A) amongst which he is 'indifferent.'
B) that give him the same marginal rate of substitution.
C) that require the same total expenditure.
D) that he can afford with his $60 income.

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of goods that provide the same level of utility or satisfaction to the consumer, meaning the consumer is indifferent among them.

The Combinations of Petrol and Coffee Along One of Sam's