Question

1. Explain properties of indifferencecurve?​

Answer 1

Answer:

The four properties of indifference curves are: (1) indifference curves can never cross, (2) the farther out an indifference curve lies, the higher the utility it indicates, (3) indifference curves always slope downwards, and (4) indifference curves are convex.

Answer 2

→. An indifference curve is a convex shaped curve depicting the graphical representation of the different combinations deriving the same level of satisfaction to the consumer by considering two commodities. ... Each of which gives the same level of satisfaction to the consumer.

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