For any given family of indifference curves,a consumer would prefer to be at a point:
A) on the indifference curve that is closest to the origin.
B) that is far to the right on an indifference curve.
C) that is far to the left on an indifference curve.
D) on the indifference curve that is farthest from the origin.

Question

Quizplus · Accepted Answer

The farther away the indifference curve is from the origin, the higher the level of satisfaction or utility the consumer derives from consuming that bundle of goods. Therefore, the consumer would prefer to be at a point on the indifference curve that is farthest from the origin.

For Any Given Family of Indifference Curves,a Consumer Would Prefer