All pairs of quantities from which a consumer derives equ...
All pairs of quantities from which a consumer derives equal satisfaction can be plotted on__________?
An indifference curve
An exceptional demand curve
A budget line
An isoquant map
Correct answer is A
An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curve indicates that a consumer is indifferent between the two and all points give him the same utility.
Which of the following will encourage capital intensive farming? ...
Which of the following items does NOT belong to a country's current account in the balance of pa...
A major feature of an underdeveloped economy is ...
In a market economy, the problem of what goods to produced is solved primarily by ...
A monopolist will practice price discrimination in two markets if ...
Fiscal policy is associated with ...
A student in Obu'pu Secondary School discovers that he simultaneously needs a pen, an exercise b...
A country is allowed to import just 50,000 tonnes of rice annually. This describes ...