Which of the following is a property of typical indifference curves?
A)Indifference curves usually intersect.
B)Indifference curves have positive slopes.
C)Indifference curves are downward sloping and always linear.
D)Indifference curves are usually bowed in toward the origin.

Question

Quizplus · Accepted Answer

Indifference curves are usually bowed in toward the origin, as they represent preferences that exhibit diminishing marginal utility. This means that as more of one good is consumed, the marginal utility of that good decreases, leading to a bowed-shaped indifference curve.

Which of the Following Is a Property of Typical Indifference