Greater levels of utility are represented by:
A)indifference curves that are farther from the origin.
B)indifference curves that are closer to the origin.
C)moving up to the left on the same indifference curve.
D)moving down to the right on the same indifference curve.

Question

Quizplus · Accepted Answer

Indifference curves represent the different combinations of goods that provide the same level of utility to a consumer. The farther away an indifference curve is from the origin, the higher the level of utility it represents, as it reflects a combination of goods that provide more total satisfaction to the consumer. Therefore, greater levels of utility are represented by indifference curves that are farther from the origin.

Greater Levels of Utility Are Represented By