In the (consumption,leisure)space,indifference curves as we have assumed them have the property of presenting the highest levels of satisfaction
A) in the north-east corner.
B) in the south-east corner.
C) in the north-west corner.
D) in the south-west corner.

Question

Quizplus · Accepted Answer

In the (consumption, leisure) space, indifference curves represent combinations of consumption and leisure that provide the same level of satisfaction. The north-east corner represents higher levels of both consumption and leisure, which typically leads to higher satisfaction.

In the (Consumption,leisure)space,indifference Curves as We Have Assumed Them Have