The assumption that more is preferred to less explains why indifference curves:
A)that lie closer to the origin represent higher levels of utility.
B)that lie farther from the origin represent higher levels of utility.
C)cross frequently.
D)slope upward and away from the origin.

Question

Quizplus · Accepted Answer

The assumption that more is preferred to less indicates that consumers prefer higher levels of goods and services. As a result, indifference curves that lie farther from the origin represent higher levels of utility, as they include combinations of goods and services that are more preferred.

The Assumption That More Is Preferred to Less Explains Why