With regard to the characteristics of production indifference curves, which of the following statements is/are NOT true?
A)Higher curves correspond to larger outputs.
B)An indifference curve will generally have a negative slope.
C)An indifference curve is typically assumed to curve inward toward the origin near its middle.
D)All of the above are true for production indifference curves, but not for isoquants.
E)b and c

Question

With regard to the characteristics of production indifference curves, which of the following statements is/are NOT true?
A)​Higher curves correspond to larger outputs.
B)​An indifference curve will generally have a negative slope.
C)​An indifference curve is typically assumed to curve inward toward the origin near its middle.
D)​All of the above are true for production indifference curves, but not for isoquants.
E)​b and c

Quizplus · Accepted Answer

All of the statements A, B, and C are true for both production indifference curves and isoquants. Therefore, D is not correct. Option E is also not correct as statement B is true for production indifference curves.

With Regard to the Characteristics of Production Indifference Curves, Which