Which of the following is not true concerning the indifference map?
A) Each consumer has a map of indifference curves.
B) Consumers always prefer curves farther from the origin.
C) Each indifference curve in the map represents a different level of total utility.
D) Indifference curves intersect at the point where marginal utilities are maximized

Question

Which of the following is   not true concerning the indifference map?
A) Each consumer has a map of indifference curves.
B) Consumers always prefer curves farther from the origin.
C) Each indifference curve in the map represents a different level of total utility.
D) Indifference curves intersect at the point where marginal utilities are maximized

Quizplus · Accepted Answer

Indifference curves do not intersect at the point where marginal utilities are maximized. Indifference curves represent different levels of utility, not marginal utility.

Which of the Following Is Not True Concerning the Indifference