-Refer to the above figure. Which point represents the second highest level of utility?
A) Point A
B) Point B
C) Point C
D) Point D

Question

-Refer to the above figure. Which point represents the second highest level of utility?
A) Point A 
B) Point B 
C) Point C 
D) Point D

Quizplus · Accepted Answer

Point B represents the second highest level of utility because it is on the second highest indifference curve shown in the figure. Indifference curves farther from the origin represent higher levels of utility, and Point B is on the curve that is second farthest from the origin.

-Refer to the Above Figure