Consumption bundles that yield equal levels of total utility are shown on the same:
A)budget line.
B)marginal utility curve.
C)indifference curve.
D)utility maximizing curve.

Question

Quizplus · Accepted Answer

Equal levels of total utility are shown on the same indifference curve. The budget line shows the combinations of two goods that can be purchased given a fixed budget, whereas the marginal utility curve shows the relationship between the quantity of a good consumed and the marginal utility derived from it. The utility maximizing curve is not a recognized concept in economics.

Consumption Bundles That Yield Equal Levels of Total Utility Are