Which of the Following Is Correct

question 287

Multiple Choice

Which of the following is correct?

• A)Budget lines are linear and upsloping; indifference curves are downsloping and concave to the origin.
• B)Budget lines are linear and downsloping; indifference curves are downsloping and concave to the origin.
• C)Budget lines are linear and downsloping; indifference curves are downsloping and convex to the origin.
• D)Budget lines are downsloping and convex to the origin; indifference curves are linear and downsloping.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses from revenues, including taxes and interest.