A point along a consumer's indifference curve shows
Answer Details
A point along a consumer's indifference curve shows a combination of two commodities from which the consumer derives the same level of satisfaction or utility. The consumer is indifferent between any points on the same indifference curve, as they provide the same level of utility. The indifference curve represents the different combinations of two goods that a consumer can choose to consume, while remaining indifferent or having the same level of satisfaction. Each point on the curve represents a different combination of the two goods, but with the same level of satisfaction or utility for the consumer. Therefore, a consumer's choice among different points on an indifference curve depends on his/her budget constraint or the price of the goods.