Figure 1 shows three utility curves. Which of the following statements is not true?
A) Utility increases as you move upwards along a utility curve.
B) On a single utility curve, the level of utility is constant.
C) Utility decreases as you move to utility curves towards the origin.
D) Utility is an ordinal measure.

Question

Quizplus · Accepted Answer

The Answer of Figure 1 shows three utility curves. Which of the following statements is not true?
A) Utility increases as you move upwards along a utility curve.
B) On a single utility curve, the level of utility is constant.
C) Utility decreases as you move to utility curves towards the origin.
D) Utility is an ordinal measure.

Figure 1 Shows Three Utility Curves