Which of the following is NOT true of indifference curves?
A) Indifference curves represent the various combinations of two goods that yield the same level of utility.
B) Indifference curves are typically bowed inward.
C) Indifference curves cannot be thick.
D) Indifference curves cannot intersect.
E) Indifference curves are modeled based on the assumption that people make irrational decisions.

Question

Quizplus · Accepted Answer

Indifference curves are based on the assumption that people make rational decisions to maximize their utility, not irrational ones.

Which of the Following Is NOT True of Indifference Curves