All points below a given indifference curve are
A) less preferred to any point on the indifference curve.
B) preferred to any point on the indifference curve.
C) definitely affordable.
D) Both answers A and C are correct.

Question

Quizplus · Accepted Answer

The definition of an indifference curve is that all points on it provide the same level of satisfaction or utility. Therefore, any point below the indifference curve would provide less satisfaction, meaning it is less preferred. However, there is no information given regarding affordability, so answer choice C cannot be definitively correct.

All Points Below a Given Indifference Curve Are