Which of the following is NOT a property of indifference curves?
A) Indifference curves are thin.
B) Indifference curves may slope upward or downward.
C) Indifference curves from the same family never cross.
D) A consumer prefers to be on the indifference curve that is farthest from the origin.

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of goods between which a consumer is indifferent, and they always slope downward due to the principle of diminishing marginal rate of substitution. An upward sloping indifference curve would imply that a consumer prefers less of both goods, which contradicts the assumption of non-satiation (preference for more rather than less of a good).

Which of the Following Is NOT a Property of Indifference