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An Indifference Curve represents all tho...

An Indifference Curve represents all those combinations of two goods which give:

A

No satisfaction to the Consumer

B

Lower satisfaction to the Consumer

C

Higher satisfaction to the consumer

D

Equal satisfaction to the Consumer

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The correct Answer is:
D
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Consider the following statements about indifference curves : 1. Indifference curves are convex to the origin. 2. Higher indifference curve represents higher level of satisfaction. 3. Two indifference curves cut each other Which of the statements given above is/are correct?

SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Revision Exercise
  1. The farther the Indifference Curve is from the origin, then :

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  2. The consumer is in equilibrium when Marginal Utility from a Commodity ...

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  3. An Indifference Curve represents all those combinations of two goods w...

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  4. The consumer is in equilibrium at a point where the budget line:

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  5. Which of the shaded area in the diagrams below represent total utility...

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  6. If Marginal Rate of Substituation is constant throughtout, the Indiffe...

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  7. If Marginal Rate of Substituation is increasing throughout, the Indiff...

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  8. A consumer consumes only two goods, If price of one of the goods falls...

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  9. A consumer consumes only two goods X and Y both Priced at Rs 4 per uni...

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  10. A consumer consumes only two goods X and Y whose prices are Rs 3 and R...

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  11. In the following diagram, the situation of Consumer's Equilibrium and ...

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  12. Which Indifference Curve represents the highest level of satisfaction ...

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  13. An increase in income will lead to the following change in Bundget Lin...

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  14. The rotation of budget line in the following diagram is due to:

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  15. Marginal utility is:

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  16. Total utility is

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  17. Which of the following can be referred to as 'point of satiety' ?

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  18. At the Point of Satiety,

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  19. A consumer consumes only two goods. If price of one of the good falls,...

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  20. Slope of an indifference Curve is measured by:

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