A(n) is a curve that shows all of the consumption bundles that yield the same level of total utility for an individual.
A)budget line
B)indifference
C)curve utility function
D)marginal rate of substitution

Question

Quizplus · Accepted Answer

The definition given in the question describes an indifference curve, which shows various combinations of two goods that provide a consumer with the same level of satisfaction or utility. The budget line shows the combinations of two goods that a consumer can afford given their income and the prices of the goods. The utility function is a mathematical representation of a consumer's preferences for different goods, while the marginal rate of substitution shows the rate at which a consumer is willing to trade one good for another while maintaining the same level of utility.

A(n) Is a Curve That Shows All of the Consumption