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Figure 4.7
-(Figure 4.7) Which of these indifference curves is convex to the origin?

Question

Use the following to answer question: Figure 4.7 -(Figure 4.7) Which of these indifference curves is convex to the origin? A) U₁ B) U₂ C) U₃ D) U₄

Quizplus · Accepted Answer

An indifference curve is convex to the origin if it slopes downwards and becomes flatter as it moves towards the origin. The curve U₃ satisfies this condition, making it the only curve that is convex to the origin. Therefore, the best choice is C.

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