Which combination of the properties given below rules out indifference curves that intersect one another?
A)Completeness and diminishing marginal rate of substitution.
B)Transitivity and more-is-better.
C)More-is-better and diminishing marginal rate of substitution.
D)Completeness and more-is-better.

Question

Quizplus · Accepted Answer

Transitivity ensures that if a consumer prefers bundle A to B and B to C, then they must prefer A to C, preventing indifference curves from intersecting. The "more-is-better" property ensures that higher indifference curves represent higher utility levels.

Which Combination of the Properties Given Below Rules Out Indifference