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Marginal utility curve of a consumer is also his:
Indifference curve
Total utility curve
Supply curve
Demand curve
- Option 1: Indifference curve
- It shows combinations of goods providing equal utility.
- It does not indicate how much utility increases with additional consumption.
- Option 2: Total utility curve
- Represents overall satisfaction from consuming units of a good.
- It is derived from the sum of marginal utilities.
- Option 3: Supply curve
- Shows relationship between price and quantity supplied.
- Not related to a consumer's utility.
- Option 4: Demand curve
- Shows quantity a consumer is willing to buy at different prices.
- Marginal utility curve shows how a consumer's willingness to pay changes with quantity, which relates to demand.
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