Which of the following is a property of indifference curves?
A) Indifference curves usually intersect.
B) Indifference curves have positive slopes.
C) Indifference curves are downward sloping and always linear.
D) Indifference curves are bowed in toward the origin.

Question

Quizplus · Accepted Answer

Indifference curves are typically bowed inward toward the origin because of the principle of diminishing marginal utility. As more of a good is consumed, the additional satisfaction gained from each additional unit decreases, leading to a flatter slope of the curve farther away from the origin.

Which of the Following Is a Property of Indifference Curves