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.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter5: Consumer Choice: Individual And Market Demand

Section5.A: Appendix Analyzing Consumer Choice Graphically: Indifference Curve Analysis

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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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