Which assumption(s) allow(s) us to draw indifference curves?
A) cardinal measurement and cardinal ranking
B) rankability and completeness
C) that the more we have of a good, the less we are willing to give up to get even more of it
D) free disposal and more is better

Question

Quizplus · Accepted Answer

Indifference curves are based on the assumption of rankability and completeness, meaning consumers can rank their preferences in a complete order, allowing for the graphical representation of these preferences through indifference curves.

Which Assumption(s) Allow(s) Us to Draw Indifference Curves