Which of the following is a property of a typical indifference curve?
A) upward sloping
B) bowed away from the origin
C) they often intersect
D) higher ones are preferred to lower ones

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of goods that provide the same utility. Higher indifference curves represent higher utility levels, so they are preferred to lower ones.

Which of the Following Is a Property of a Typical