Suppose Frank is completely indifferent between drinking Coke and drinking Pepsi.Then Frank's indifference curves for Coke and Pepsi would be
A) Linear
B) L-shaped
C) Convex
D) Positively sloped

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of goods between which a consumer is indifferent. If Frank is completely indifferent between drinking Coke and Pepsi, it means he values them equally at any combination. Therefore, his indifference curve would be linear, indicating a constant rate of substitution between Coke and Pepsi.

Suppose Frank Is Completely Indifferent Between Drinking Coke and Drinking