Which of the following is a property of a typical indifference curve?
a. upward sloping
b. bowed away from the origin
c. does not intersect another indifference curve
d. a higher one is preferred to a lower one
d
Economics
You might also like to view...
In the above figure, the efficient quantity is
A) 0 units. B) 70 units. C) 80 units. D) 100 units.
Economics
Which of the following is uncharacteristic of monopolistic competition in the long run?
a. firms selling heterogeneous products b. zero economic profits c. price in excess of marginal revenue d. equilibrium on the increasing portion of the average total cost curve
Economics