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_____ shows various combinations of two products that give same amount of satisfaction:
ISO cost curve
Indifference curve
Marginal utility curve
ISO quant
- Option 1: ISO cost curve
- Represents various combinations of products that cost the same amount.
- It is used in production and budgeting.
- Option 2: Indifference curve
Shows various combinations of two products that give the same amount of satisfaction.
- Used in consumer preference and utility analysis.
- Option 3: Marginal utility curve
- Illustrates how the additional satisfaction (utility) decreases as you consume more of a product.
- Focuses on changes in utility rather than total satisfaction levels.
- Option 4: ISO quant
- Represents combinations of inputs that produce the same level of output.
- Used in production theory.
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