Two points on the same indifference curve represent two:

groups of goods that give equal utility to a person.
collections of goods that cost the same.
people who have the same preferences.
two ways of producing the same output.


A consumer maximizes utility where his budget line:

is as far below the indifference curve as it can be.
is as far above the indifference curve as it can be.
crosses or intersects an indifference curve.
just touches or is tangent to an indifference curve.


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