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

-An indifference map shows _____.
A)all combinations of two goods that a consumer can afford to purchase
B)all combinations of two goods that provide the same level of utility
C)a set of indifference curves for a representative consumer
D)all combinations of price and quantity that provide the same level of utility
E)the combination of goods that a consumer can afford to buy

Question

The table below shows the total utility associated with various units of goods X and Y.Table 7.5
 
-An indifference map shows _____.
A)all combinations of two goods that a consumer can afford to purchase 
B)all combinations of two goods that provide the same level of utility 
C)a set of indifference curves for a representative consumer 
D)all combinations of price and quantity that provide the same level of utility 
E)the combination of goods that a consumer can afford to buy

Quizplus · Accepted Answer

An indifference map shows a set of indifference curves for a representative consumer, which represent all combinations of two goods that provide the same level of utility. In other words, it shows the different bundles of goods that a consumer views as equally desirable, based on their level of satisfaction or utility. The table of total utility can be used to plot these different indifference curves.

The Table Below Shows the Total Utility Associated with Various