Convex Indifference Curves Suggest That

question 49

Multiple Choice

Convex indifference curves suggest that:

• A) consumers prefer a variety of goods
• B) consumers prefer the consistency of the same good
• C) consumers are indifferent about variety
• D) more is always better than less

---

Definitions:

Decimal Place

A position of a number to the right of the decimal point, indicating fractions of a base unit.

Percentages

A mathematical concept that represents a number or ratio as a fraction of 100.

Horizontal Analysis

A method of financial analysis in which figures in financial statements are compared across several periods to identify trends or changes over time.

Dollar Changes

Refers to the difference in value or cost in U.S. dollars of an item, investment, or project over time.