Because a consumer prefers more consumption to less, higher indifference curves are preferred to lower ones.

Name: Because a consumer prefers more consumption to less, higher indifference curves are preferred to lower ones.
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Question

Quizplus · Accepted Answer

Indifference curves represent different levels of satisfaction or utility, and a higher curve indicates higher utility. Therefore, a consumer will always prefer a higher indifference curve to a lower one because it represents a higher level of satisfaction or consumption.

Because a Consumer Prefers More Consumption to Less, Higher Indifference