With reference to the following indifference map, which of the following curve represents highest satisfaction level?

CA Foundation · Business Economics · PYQS · January 2025
With reference to the following indifference map, which of the following curve represents highest satisfaction level?
(A) A. IC3
(B) B. IC2
(C) C. IC1
(D) D. All the curves represents same satisfaction level.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. IC3

Topics: Theory of Demand and Supply

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