On an indifference map higher indifference curves show:

A. The same level of price

B. The same level of satisfaction

C. The higher level of satisfaction

D. The lower level of satisfaction

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Which of the following pairs of commodities is an example of substitutes?
  2. Suppose income increases by 10% and demand for commodity increases by 5% then the income elasticity…
  3. Which of the following is called Gossens first law?
  4. If the production function is homogeneous, the expansion path will be a straight line through the origin…
  5. If Cobb-Douglas production function is homogeneous of degree less than one (n
  6. When total revenues equal to total opportunity cost then the firm will earn:
  7. If X and Y are close substitutes, a fall in price of X will lead to:
  8. On the total utility curve the economically relevant range is the portion over which:
  9. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  10. If the supply curve is not a straight line but curvilinear, the elasticity on all points of the supply…
  11. In monopoly, new firms:
  12. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  13. In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
  14. In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:
  15. Conditions of perfect competition ensure:
  16. The point where the supply and demand curves intersect on a graph determines:
  17. Law of variable proportions is based on the assumption of:
  18. Supply and demand changes have their most rapid impact in:
  19. The largest possible loss that a firm will make in the short run is:
  20. In the long-run competitive equilibrium:
  21. General equilibrium is concerned with simultaneous equilibrium of:
  22. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  23. If Marginal Utility (MU) is zero, then total utility is:
  24. Change in quantity demanded refers to:
  25. A firm in a position of equilibrium is supposed to be maximizing:
  26. The long run average cost curve is:
  27. Which of the following is not a property of indifference curve?
  28. The slutsky demand curve includes:
  29. Which of the following has more elastic demand curve?
  30. The main contribution of Prof. Lord Keynes is in the field of: