Along the indifference curve A. total utility is constant. B. marginal utility is constant. C. total utility decreases at a decreasing rate. D. marginal utility falls.

The correct option is A

Explanation:

The indifference curve is the curve which is stated on graph and states or shows the combination or union of two goods that provide or give the consumer equal amount of satisfaction as well as utility. Every point on the curve states that customer is indifferent among the two and all the points provide the same utility.

Total utility is defined as the aggregate satisfaction which the customer received from consuming the given aggregate utility of the good or service.

So, along the indifference curve, the total utility is also constant as both provide the same satisfaction to the customer.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.