Multiple Choice
Two key properties of indifference curves are that an indifference curve slopes
A) upward and is bowed out from the origin.
B) downward and is bowed out from the origin.
C) upward and is bowed in toward the origin.
D) downward and is bowed in toward the origin.
E) downward and is concave from the origin.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: When consumption and leisure are both normal
Q20: For macroeconomic purposes,it is assumed that all
Q21: The marginal product of a factor of
Q22: A consumer's real disposable income equals<br>A) wage
Q23: In a one-period economy<br>A) consumption equals disposable
Q25: We assume that the representative consumer's preferences
Q26: Moving down the indifference curve,the marginal rate
Q27: When consumption and leisure are both normal
Q28: The following question(s) deal with the Widget
Q29: The slope of the indifference curve is