Figure 21-5

-Refer to Figure 21-5.Which of the graphs shown may represent indifference curves?
A)graph (a)
B)graph (b)
C)graph (c)
D)All of the above are correct.

Question

Figure 21-5
 
-Refer to Figure 21-5.Which of the graphs shown may represent indifference curves?
A)graph (a) 
B)graph (b) 
C)graph (c) 
D)All of the above are correct.

Quizplus · Accepted Answer

Indifference curves are typically downward sloping and convex to the origin, representing combinations of goods that provide the same level of utility to a consumer. All graphs could potentially represent indifference curves if they meet these criteria.

Figure 21-5 -Refer to Figure 21-5.Which of the Graphs Shown May Represent