An indifference map implies that
A)money income is constant, but the prices of the two products vary directly with the quantities purchased.
B)the two products under consideration are perfectly substitutable for one another.
C)a consumer is better off to be at some point high on a given curve as opposed to a point low on the same curve.
D)curves farther from the origin yield higher levels of total utility.

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of goods that provide the same level of satisfaction to the consumer. Curves that are farther from the origin represent combinations of goods that yield higher levels of total utility, indicating that the consumer prefers these combinations over those on curves closer to the origin.

An Indifference Map Implies That