The fact that indifference curves are bowed in toward the origin
A) is not true.
B) follows from the fact that more is preferred to less.
C) follows from the property that the consumer likes diversity in his or her consumption bundle.
D) follows from the property that consumption and leisure are normal goods.

Question

Quizplus · Accepted Answer

Indifference curves are bowed toward the origin because consumers prefer a mix of goods, reflecting a diminishing marginal rate of substitution and a preference for diversity in consumption.

The Fact That Indifference Curves Are Bowed in Toward the Origin