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    Question

    The curve representing different combinations of goods

    and services along with labor that yield equal satisfaction to a farmer is known as:
    A Indifference curve Correct Answer Incorrect Answer
    B Iso-utility curve Correct Answer Incorrect Answer
    C Budget line Correct Answer Incorrect Answer
    D Production Possibility curve Correct Answer Incorrect Answer
    E Demand curve Correct Answer Incorrect Answer

    Solution

    Iso-utility or indifference curves show combinations of goods and services that provide the same level of utility or satisfaction to the farmer, allowing analysis of preferences.

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