Which of the following is a property of indifference curves?
A)indifference curves have positive slopes
B)indifference curves that cross are helpful in explaining differences in consumption choices
C)indifference curves are bowed in toward the origin
D)indifference curves are always linear and downward-sloping

Question

Quizplus · Accepted Answer

Indifference curves are typically bowed in toward the origin, indicating the concept of diminishing marginal utility. Option A is false, as indifference curves may have negative or zero slopes. Option B is false, as crossing indifference curves violate transitivity. Option D is false, as indifference curves are usually non-linear.

Which of the Following Is a Property of Indifference Curves