In Terms of Indifference Curves, an Increase in Total Utility

question 74

Multiple Choice

In terms of indifference curves, an increase in total utility is represented by a:

• A) shift to the right to a higher indifference curve.
• B) shift to the left to a lower indifference curve.
• C) movement upward along an indifference curve.
• D) movement downward along an indifference curve.

---

Definitions:

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Code Of Ethics

A set of principles designed to guide members of a profession, organization, or group in conducting their actions with honesty and integrity.

Public Companies

Corporations whose shares are traded openly on stock exchanges, allowing public investors to buy and sell ownership stakes.

Deontological Theory

An ethical theory that suggests actions are morally right or wrong based on their adherence to rules and duties, regardless of the outcomes.