Which of the Following Is NOT a Property of Indifference

question 68

Multiple Choice

Which of the following is NOT a property of indifference curves?

• A) Indifference curves are thin.
• B) Indifference curves may slope upward or downward.
• C) Indifference curves from the same family never cross.
• D) A consumer prefers to be on the indifference curve that is farthest from the origin.

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Definitions:

Mode

The value that appears most frequently in a data set, representing the highest peak in the distribution of frequencies.

Financial Growth Factors

Components that contribute to the increase in value of financial assets or earnings.

Geometric Mean

The nth root of the product of n numbers, used to calculate the average rate of return over time or the mean of ratios.

Growth Factor

One plus the percentage increase over a period of time. A growth factor less than 1 indicates negative growth, whereas a growth factor greater than 1 indicates positive growth. The growth factor cannot be less than 0.