The slope of the indifference curves in Figure 21.1 reveals the assumption that:
A) wages and education are both bads.
B) workers do not consider the impact on wages when deciding to pursue an education.
C) the costs of time and effort to get an education outweigh the pleasure of learning.
D) getting an education provides only benefits and no costs.

Question

The slope of the indifference curves in Figure 21.1 reveals the assumption that: 
A) wages and education are both bads. 
B) workers do not consider the impact on wages when deciding to pursue an education. 
C) the costs of time and effort to get an education outweigh the pleasure of learning. 
D) getting an education provides only benefits and no costs.

Quizplus · Accepted Answer

The Answer of The slope of the indifference curves in Figure 21.1 reveals the assumption that: 
A) wages and education are both bads. 
B) workers do not consider the impact on wages when deciding to pursue an education. 
C) the costs of time and effort to get an education outweigh the pleasure of learning. 
D) getting an education provides only benefits and no costs.

The Slope of the Indifference Curves in Figure 21