Which of the Following Statements Regarding Preferences and Indifference Curves

question 32

Multiple Choice

Which of the following statements regarding preferences and indifference curves is true?

• A) When choosing between two consumption bundles, a consumer will always prefer the consumption bundle on the lower indifference curve.
• B) A consumer is indifferent between two consumption bundles that are on the same indifference curve.
• C) When choosing between two consumption bundles, a consumer will always prefer the consumption bundle that is farthest to the right on an indifference curve.
• D) When choosing between two consumption bundles, a consumer will always prefer the consumption bundle that is farthest to the left on an indifference curve.