Question

indifference curve between income and leisure for an individual are generally.
a. concave to the origin
b.convex to the origin
c. negatively sloped straight line
d. positively sloped straight line
-------with explanation ------------​

Answer 1

Answer:

convex to the origin

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Answer 2

Answer:

I hope this helps who needs this.

Explanation:

I think the correct answer is Option d, Positively sloped straight line.

Indifference maps between income and leisure is have all the usual properties o/indifference curves. They slope downward to the right, are convex to the origin and do not intersect. They are positively sloped straight lines . Each indifference curve represents various alternative combinations of income and leisure which provide equal level of satisfaction to the individual and the farther away an indifference curve is from the origin, the higher the level of satisfaction it represents for the individual.

. Each indifference curve represents various alternative combinations of income and leisure which provide equal level of satisfaction to the individual and the farther away an indifference curve is from the origin, the higher the level of satisfaction it represents for the individual.The slope of the indifference curve measuring marginal rate of substitution between leisure and income (MRSLM) shows the tradeoff between income and leisure. This trade-off means how much income the individual is willing to accept for one hour sacrifice of leisure time.

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