Which of the Following Is Not a Characteristic of Indifference

question 44

Multiple Choice

Which of the following is not a characteristic of indifference curves?

• A)Indifference curves cannot intersect.
• B)Indifference curves are usually bowed in, or convex.
• C)The slope of an indifference curve is negative.
• D)The closer to the origin, the greater the utility level.

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Definitions:

Annuity's Payments

Regular fixed payments from an annuity contract, typically made to the holder for life or a specified period.

Mortgage Loan

A loan secured by the collateral of specified real estate property, which the borrower is obliged to pay back with a predetermined set of payments.

Compounded Monthly

Interest calculation method where interests earned themselves earn interest, recalculated on a monthly basis.

Interest

The cost of borrowing money or the payment received for deposit funds, usually expressed as a percentage rate over a period of time.