ECONOMICS
CONSUMERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An indifference schedule represents various bundles that give ____ level of satisfaction.
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unequal
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equal
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zero
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none of these
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Explanation:
Detailed explanation-1: -A table or a schedule that shows different combinations of two goods giving the same level of satisfaction to the consumer is known as an Indifference Schedule. An indifference schedule is used to plot the different combinations of two goods on a graph for the formation of an indifference curve.
Detailed explanation-2: -The data in the indifference schedule can be represented in the graph with one commodity on the X-axis and another commodity in the Y-axis The various combinations of the two commodities are plotted and joined to form a curve called indifference curve.
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