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Shape of an Indifference Curve. The indifference curve Um has four points labeled on it: A, B, C, and D (see Figure 1). Since an indifference curve represents a set of choices that have the same level of utility, Lilly must receive an equal amount of utility, judged according to her personal preferences, from two books and 120 doughnuts (point A), from three books and 84 doughnuts (point B ...
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