If an individual's total utility from consuming two goods increases, then there must be

A) a downward rotation of the individual's indifference curve.
B) an inward rotation of the individual's indifference curve.
C) an outward shift of the individual's indifference curve.
D) an inward shift of the individual's indifference curve.

Answer: C

Economics

You might also like to view...

Most water pollution in the United States comes from manufacturing sites

a. True b. False

Economics

If the estimated elasticity of supply coefficient equals 0.85, then: a. the supply curve is vertical

b. the demand curve is horizontal. c. supply is unit elastic. d. supply is relatively inelastic.

Economics