Suppose Addison is a big fan of jazz music,and that he likes opera music very little.What would his family of indifference curves look like?
A) Negatively sloped, with higher levels of utility represented by indifference curves that are closer to the origin
B) Positively sloped, with higher levels of utility represented by indifference curves that are closer to the origin
C) Negatively sloped, with higher levels of utility represented by indifference curves that are farther from the origin
D) Positively sloped, with higher levels of utility represented by indifference curves that are farther from the origin

Question

Quizplus · Accepted Answer

Addison's indifference curves would be negatively sloped because he prefers more jazz music to less, and fewer opera music to more. And, his higher levels of utility would be represented by indifference curves that are farther from the origin because he likes jazz music a lot and opera music very little. So, any bundle of music that includes a lot of jazz and little opera will be preferred to a bundle with less jazz and more opera.

Suppose Addison Is a Big Fan of Jazz Music,and That