Question

explain any two feature of Indifference? ( 4 marks)​

Answer 1

Answer:

INDIFFERENCE CURVES ARE CONVEX TO THE ORIGIN. ... TWO INDIFFERENCE CURVES CANNOT INTERSECT EACH OTHER. IF TWO INDIFFERENCE CURVES INTERSECT EACH OTHER IT WOULD SHOW DIFFERENT LEVELS OF SATISFACTION WHICH IS ABSURD & IMPROBABLE. A HIGHER INDIFFERENCE CURVES REPRESENTES A HIGHER LEVEL OF SATISFACTION THAN THE LOWER IC.