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

Question

Quizplus · Accepted Answer

Consumers prefer higher indifference curves, which represent higher levels of utility or satisfaction. This means that they prefer bundles of goods and services that provide more of each good, or a combination of goods that is closer to their ideal bundle. Indifference curves with positive slopes are not preferred since they imply a negatively sloping budget constraint, which indicates that the consumer cannot afford higher levels of both goods. It is possible for a consumer to place all consumption bundles on an indifference curve, as long as there are no budget constraints that limit their choices.

A Consumer