Practice - Indifference Curve
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Practice Questions
Test your understanding with targeted questions
What does an indifference curve represent?
💡 Hint: Think about consumer choices.
Explain what MRS means.
💡 Hint: How does increasing one good affect the other?
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does the downward slope of an indifference curve indicate?
💡 Hint: Think about what happens to one good when more of the other is gained.
The marginal rate of substitution is always diminishing.
💡 Hint: Consider how satisfaction affects choices.
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Challenge Problems
Push your limits with advanced challenges
A consumer faces two indifference curves representing different levels of utility. Explain the trade-off they would face when moving from one curve to another.
💡 Hint: Consider ratios of goods—what are they trading?
Given the MRS of bananas for mangoes is increasing, detail how this consumer would respond to a price increase of bananas assuming prices are held constant for mangoes.
💡 Hint: Link how price changes alter consumption choices.
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