If a person attaches more importance to leisure than they do to labour,then their indifference curves
A) Will lie closer to the labour axis
B) Will lie closer to the leisure axis
C) Will be positively-sloped
D) Will be L-shaped

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of leisure and labour that give the same level of utility, so if a person values leisure more than labour, they will be willing to give up more labour for every unit of leisure gained. Therefore, their indifference curves will lie closer to the leisure axis, indicating that they are willing to sacrifice more labour to gain additional leisure.

If a Person Attaches More Importance to Leisure Than They