Assumptions of indifference curve analysis are:
A. consumer are considered prudent
B. the consumer’s tastes, habits and income remain the same throughout the analysis
C. an indifference curve is negatively inclined sloping downward
D. All of these
Answer:D
Assumptions of indifference curve analysis are:
A. consumer are considered prudent B. the consumer’s tastes, habits and income remain the same throughout the analysis C. an indifference curve is negatively inclined sloping downward D. All of these