Solved

Consider an Indifference Curve Drawn for Movies and Pizzas

Question 6

Multiple Choice

Consider an indifference curve drawn for movies and pizzas.Which of the following statements about this indifference curve is false?


A) As an individual consumes more pizzas, the amount of movies the consumer is willing to give up for an additional pizza increases.
B) If the individual consumes more pizzas, the amount of movies consumed must fall if the consumer is to stay on the same indifference curve.
C) The indifference curve will be convex to the origin, that is, bowed in toward the origin.
D) If the consumer purchases more of movies and pizzas, total utility will increase, but the consumer will be on a new indifference curve that is farther from the origin than the original indifference curve.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions