Imagine an Indifference Curve Graph with Units of Clothing on the Y-Axis

question 79

Multiple Choice

Imagine an indifference curve graph with units of clothing on the y-axis and visits to the neighborhood pizza joint for dinner on the x-axis. If the indifference curves for this individual are negatively sloped but close to horizontal, it means:

• A)the marginal utility from another pizza dinner is high relative to the marginal utility of clothing.
• B)the marginal utility from another pizza dinner is low relative to the marginal utility of clothing
• C)this person doesn't like pizza at all.
• D)this person can spend a lot of money on clothes at times.

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