If leisure is drawn on the horizontal axis and labor is drawn on the vertical axis,then a person who attaches more importance to leisure than to labor will have indifference curves that:
A) tend to be steeper.
B) tend to be flatter.
C) will be positively-sloped.
D) will be L-shaped.

Question

Quizplus · Accepted Answer

If a person values leisure more than labor, they will be willing to give up more labor for a small increase in leisure. This means that their indifference curves will be flatter as they will be willing to trade off more labor for leisure.

If Leisure Is Drawn on the Horizontal Axis and Labor