Indifference curves exhibit all of these characteristics EXCEPT
A) having negative slopes.
B) being concave to the origin.
C) not intersecting.
D) representing bundles with the same level of utility.

Question

Quizplus · Accepted Answer

Indifference curves are typically convex to the origin, not concave. This reflects the principle of diminishing marginal rate of substitution, where as one moves down along the curve, they are willing to give up less of one good to get more of another, keeping utility constant.

Indifference Curves Exhibit All of These Characteristics EXCEPT