An indifference curve that has a higher level of utility will be of an indifference curve with a lower level of utility. Indifference curves for preferences that fit the four main assumptions will be to the origin.

An indifference curve that has a higher level of utility will be of an indifference curve with a lower level of utility. Indifference curves for preferences that fit the four main assumptions will be to the origin.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

An indifference curve that has a higher level
of utility will be
of an
indifference curve with a lower level of
utility. Indifference curves for preferences
that fit the four main assumptions will be
to the origin.
Select one:
a. Left; Convex
b. Right; Concave
c. Right; Convex
d. Left; Concave

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