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Figure 22-8 A graph of y versus x shows an indifference curve, decreasing at a decreasing rate as you move down the curve as x
Figure 22-8 A graph of y versus x shows an indifference curve, decreasing at a decreasing rate as you move down the curve as x increases and y increases. It is convex to the origin. Point A lies on (1, 4). Point B lies on (2,2). Point C lies on (4, 1). Points A, B, and C show increasing amounts of x and decreasing amounts of y, in that order, as specified by the combinations of x and y. Refer to Figure 22-8. As the consumer moves from A to B to C, the consumer's total utility a. first increases, then decreases. b. increases. c. remains constant. d. decreases
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