Indifference curve analysis
A)presumes, as does utility analysis, that satisfaction is numerically measurable.
B)presumes, unlike utility analysis, that satisfaction is numerically measurable.
C)presumes only that the consumer can say one combination of two goods yields more or less or the same amount of utility than some other combination.
D)is in conflict with the idea of a downsloping demand curve.

Question

Quizplus · Accepted Answer

Indifference curve analysis does not require numerical measurement of satisfaction, unlike traditional utility analysis. It only requires that consumers can rank their preferences in terms of more, less, or the same utility between different combinations of goods.

Indifference Curve Analysis