The table below shows the total utility associated with various units of goods X and Y.Table 7.5

-An indifference curve shows _____.
A)the relationship between total and marginal utility
B)the relationship between the quantity of a good and the maximum attainable satisfaction
C)the various combinations of two goods that give a consumer the same amount of satisfaction
D)the relationship between the price and quantity of a good that a consumer is able to purchase
E)that the quantities of a good that give a consumer maximum satisfaction are directly related to price

Question

The table below shows the total utility associated with various units of goods X and Y.Table 7.5
 
-An indifference curve shows _____.
A)the relationship between total and marginal utility 
B)the relationship between the quantity of a good and the maximum attainable satisfaction 
C)the various combinations of two goods that give a consumer the same amount of satisfaction 
D)the relationship between the price and quantity of a good that a consumer is able to purchase 
E)that the quantities of a good that give a consumer maximum satisfaction are directly related to price

Quizplus · Accepted Answer

An indifference curve represents the different combinations of two goods that provide a consumer with the same level of utility or satisfaction. It demonstrates the consumer's preference for combinations of two goods, regardless of their actual level of total utility. Therefore, the correct option is (C) - the various combinations of two goods that give a consumer the same amount of satisfaction.

The Table Below Shows the Total Utility Associated with Various