A consumer:
A)prefers higher indifference curves to lower indifference curves
B)is equally satisfied with any indifference curve
C)is generally unable to place all consumption bundles on an indifference curve
D)prefers indifference curves with positive slopes

Question

Quizplus · Accepted Answer

Consumers always prefer higher levels of satisfaction or utility, which are represented by higher indifference curves. Therefore, option A is the correct choice. Option B is incorrect because consumers have preferences and will always choose a bundle that is on a higher indifference curve if it is available. Option C is incorrect because consumers can place all possible consumption bundles on an indifference curve since it is a hypothetical representation of the combinations of goods that provide the same level of satisfaction. Option D is incorrect because indifference curves can have negative or zero slopes, depending on the type of goods and the consumer's preferences.

A Consumer