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A higher indifference curve shows
- AA higher level of satisfaction
- BA higher level of production
- CA higher level of income
- DNone of the above
Correct answer: A
Discussion 1
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CCommunity
A higher level of satisfaction
A higher indifference curve shows a higher level of satisfaction. A higher indifference curve will represent a higher level of satisfaction than a lower indifference curve. In other words, the combinations which lie on a higher indifference curve will be preferred to the combinations which lie on a lower indifference curve.
A higher indifference curve shows a higher level of satisfaction. A higher indifference curve will represent a higher level of satisfaction than a lower indifference curve. In other words, the combinations which lie on a higher indifference curve will be preferred to the combinations which lie on a lower indifference curve.