An indifference schedule represents various bundles that give ____ level of satisfaction. (1)
a) unequal b) equal c) zero d) None of these
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equal or same level
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Answered by
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Answer:
b) equal
Explanation:
It must be noted that 'Higher Indifference curves represent higher levels of Satisfaction' as higher the difference curve present large bundle of goods, which means more utility because of mono tonic preference
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