Which of the following options is a property of an indifference curve?
A. It is convex to the origin.
B. The marginal rate of substitution is constant as you move along an indifference curve.
C. Marginal utility is constant as you move along an indifference curve.
D. Total utility is the greatest where the 45 degrees line cuts the indifference curve.
Answer:A
Which of the following options is a property of an indifference curve?
A. It is convex to the origin. B. The marginal rate of substitution is constant as you move along an indifference curve. C. Marginal utility is constant as you move along an indifference curve. D. Total utility is the greatest where the 45 degrees line cuts the indifference curve.