That Indifference Curves Are Bowed in Toward the Origin

question 45

Multiple Choice

That indifference curves are bowed in toward the origin

• A) is not true.
• B) follows from the fact that more is preferred to less.
• C) follows from the property that the consumer likes diversity in his or her consumption bundle.
• D) follows from the property that consumption and leisure are normal goods.
• E) follows from the fact that there is a direct relationship between consumption and leisure bundles.

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