The table below shows the total utility associated with various units of goods X and Y.Table 7.5

-In an indifference map, one would most likely see indifference curves that:
A)are positively sloped.
B)intersect at the origin.
C)cross at the equilibrium point.
D)are bowed inward toward the origin.
E)represent greater utility as they approach the origin.

Question

The table below shows the total utility associated with various units of goods X and Y.Table 7.5
 
-In an indifference map, one would most likely see indifference curves that:
A)are positively sloped. 
B)intersect at the origin. 
C)cross at the equilibrium point. 
D)are bowed inward toward the origin. 
E)represent greater utility as they approach the origin.

Quizplus · Accepted Answer

The table shows diminishing marginal utility, which means as more units of either X or Y are acquired, the additional utility gained from each unit diminishes. This would result in the indifference curves being bowed inward toward the origin.

The Table Below Shows the Total Utility Associated with Various