Figure 3.1.2
-When different indifference curves are placed in the Cartesian plane,
A) the result is called an indifference map.
B) the curves cannot intersect.
C) the curves that occupy a place farther away from the origin yield more utility than curves closer to the origin.
D) all of the above

Question

Figure 3.1.2
-When different indifference curves are placed in the Cartesian plane,
A) the result is called an indifference map. 
B) the curves cannot intersect. 
C) the curves that occupy a place farther away from the origin yield more utility than curves closer to the origin. 
D) all of the above

Quizplus · Accepted Answer

A) When different indifference curves are placed in the Cartesian plane, the result is called an indifference map.
B) The curves cannot intersect as each curve represents a unique level of utility, and intersecting curves imply that one point on the curve is equivalent to two different levels of utility which is impossible.
C) The curves that occupy a place farther away from the origin yield more utility than curves closer to the origin as the further away the curve is, the higher the level of utility associated with it.

Figure 3.1.2 -When Different Indifference Curves Are Placed in the Cartesian Plane