Criticism on indifference curve analysis
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All Commodities are not Divisibl. 2-Based on Unrealistic Assumption of Perfect Competition .3- Fails to Explain Consumer’s Behaviour in Choices Involving Risk or Uncertainty .4- Two-Goods Model Unrealistic 5-.Failure to consider some other Factors concerning Consumer Behaviour .6- Limited Analysis of Consumer’s BehaviourCombinations are not based on any Principle. 7- The Consumer is not Rational . 8- Indifference Curves are Non-transitive. 9- Fails to Explain the Observed Behaviour of the Consumer . 10- Cardinal Measurement implicit in l.C. Technique:
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