Under indifference curve approach, the consumer is able to:

Express the exact amount of satisfaction derived out of given combination of commodities

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Rank the satisfaction derived from the given combination of commodities

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Recognise a single combination yielding maximum satisfaction

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None of the above

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Solution

The correct option is B Rank the satisfaction derived from the given combination of commodities
Under IC approach, the consumer can rank the satisfaction, but it can not be quantified.

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