Any point on the lowest indifference curve is preferable to a point on a higher indifference curve.

Name: Any point on the lowest indifference curve is preferable to a point on a higher indifference curve.
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Question

Quizplus · Accepted Answer

This statement is false. The higher the indifference curve, the better it is for the consumer as it represents a higher level of utility or satisfaction. Therefore, a point on a higher indifference curve is always preferred to a point on a lower indifference curve.

Any Point on the Lowest Indifference Curve Is Preferable to a Point