Indifference curve is also referred to ______________.

Iso-utility curve

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Iso-quant curve

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Curve of equal utility

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Both (A) and (C)

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Solution

The correct option is B Both (A) and (C)
An iso quant curve is a firms indifference curve. It shows the all the combinations of input a firm can use to get the same level of output. Iso-utility curve is another name for indifference curve.

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