Question

Define Indifference Curve. Explain the properties of indifference curve
तटस्थता वक्र को परिभाषित कीजिए तटस्थता वक्र की विशेषताओं का वर्णन​

Answer 1

Answer:

lndifference Curve ->

An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curve indicates that a consumer is indifferent between the two and all points give him the same utility.

Properties of Indifference Curve ->

1. They Slope Negatively or Slope Downwards from the Left to the Right

2. They are Convex to the Origin of Axes

3. Every Indifference Curve to the right represents Higher Level of Satisfaction than that of the Proceeding One and Others.

Answer 2

Answer:

• Definition: An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curve indicates that a consumer is indifferent between the two and all points give him the same utility.

• Properties :

1) Indifference Curves slope downward to the right.

2) Indifference Curves are convex to The Origin.

3) Indifference Curves cannot intersect each other.

4) A Higher Difference Curve Represents a higher level of satisfaction than a lower difference curve.

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