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Chapter 1: Q. 1RQ. (page 9)

What point is preferred along an indifference curve?

Short Answer

Expert verified

All the points are equally preferred.

Step by step solution

01

Step 1. Meaning of indifference curve

Indifference curve shows a combination of two goods that gives a consumer equal satisfaction and utility.

02

Step 2.

All the points at indifference curve are equally preferred as they give same level of satisfaction and utility.So the consumer has no particular preference of combination.

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