Figure 3.1.2
-Refer to Figure 3.1.2. The shape of an indifference curve like the one in this figure:
A) represents more realistically the preferences of a rational consumer.
B) implies that consumer preferences are not complete.
C) violates the assumption that more is preferred to less.
D) has market baskets that represent different levels of utility.

Question

Figure 3.1.2
-Refer to Figure 3.1.2. The shape of an indifference curve like the one in this figure:
A) represents more realistically the preferences of a rational consumer. 
B) implies that consumer preferences are not complete. 
C) violates the assumption that more is preferred to less. 
D) has market baskets that represent different levels of utility.

Quizplus · Accepted Answer

The Answer of  Figure 3.1.2
-Refer to Figure 3.1.2. The shape of an indifference curve like the one in this figure:
A) represents more realistically the preferences of a rational consumer. 
B) implies that consumer preferences are not complete. 
C) violates the assumption that more is preferred to less. 
D) has market baskets that represent different levels of utility.

Figure 3.1.2 -Refer to Figure 3.1.2. the Shape of an Indifference Curve