Which of the following is a property of a typical indifference curve?
A)upward sloping
B)bowed away from the origin
C)does not intersect another indifference curve
D)a higher one is preferred to a lower one

Question

Quizplus · Accepted Answer

The property of a typical indifference curve is that a higher one is preferred to a lower one. This means that as we move up along an indifference curve, we reach higher levels of utility or satisfaction, indicating a preference for higher levels of the goods or services being represented on the axes. Therefore, option D is the correct answer. The other options are incorrect as indifference curves are generally downward sloping (option A), bowed towards the origin (option B), and can intersect other indifference curves (option C) depending on the preferences of the consumer.

Which of the Following Is a Property of a Typical