If a Consumer's Preferences Are Quasi-Linear, Then the Consumer's Indifference

question 56

Multiple Choice

If a consumer's preferences are quasi-linear, then the consumer's indifference curves will be:

• A)straight lines.
• B)"L-shaped."
• C)concave to the origin.
• D)parallel.

---

Definitions:

Intangible Asset

An asset that lacks physical substance but provides economic benefits to a business, such as trademarks or patents.

Commercial Substance

A consideration in accounting that a transaction has significantly changed the economic circumstances of the participants.

Gain or Loss

The difference between the sale price of an asset and its original purchase price, indicating the financial outcome of a transaction.

Service Potential

This refers to the capacity or ability of a service or asset to provide benefits or usefulness to an entity or its operations.