why are indifference curves called iso - utility curves?
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Along the indifference curve, the consumer is indifferent between any of the combinations of goods represented by points on the curve because the combination of goods on an indifference curve provide the same level of utility to the consumer.
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Along the indifference curve, the consumer is indifferent between any of the combinations of goods represented by points on the curve because the combination of goods on an indifference curve provide the same level of utility to the consumer.
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