A(n)________ is a line of equal utility.
A) maximization point
B) interference point
C) consumer optimum
D) indifference curve
E) substitution curve

Question

Quizplus · Accepted Answer

An indifference curve represents a combination of goods that provide the same level of utility or satisfaction to the consumer. Therefore, option D is the correct answer. Option A is incorrect because a maximization point is the point at which the consumer achieves the highest possible level of utility. Option B is incorrect because interference point is not a relevant concept in economics. Option C is incorrect because consumer optimum refers to the combination of goods that maximizes the consumer's utility, which may not necessarily be the same as the combination represented by an indifference curve. Option E is incorrect because a substitution curve represents the various combinations of goods that the consumer can substitute for each other while maintaining the same level of utility.

A(n)________ Is a Line of Equal Utility