An indifference map states:
A) indifference curves farther from the origin yield higher levels of total utility.
B) that the consumer's income varies with the level of the indifference curve.
C) indifference curves closer to the origin yield higher levels of total utility.
D) that the points on either parts of indifference curves are preferred to the midpoint.

Question

Quizplus · Accepted Answer

Indifference curves farther from the origin represent combinations of goods that provide higher levels of utility to the consumer, as each curve represents a level of utility and moving away from the origin typically means more of at least one of the goods is being consumed, holding utility constant along each curve.

An Indifference Map States