For any given family of indifference curves,a consumer would prefer to be at a point
A) On the indifference curve that is closest to the origin
B) That is far to the right on an indifference curve
C) That is far to the left on an indifference curve
D) On the indifference curve that is farthest from the origin

Question

Quizplus · Accepted Answer

The consumer would prefer to be on the indifference curve that is farthest from the origin because indifference curves represent different levels of utility, with higher levels of utility being associated with higher indifference curves. Therefore, the consumer would prefer to be on the higher indifference curve to maximize their utility.

For Any Given Family of Indifference Curves,a Consumer Would Prefer