Explain the features of indifference curve.
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The main attributes or properties or characteristics of indifference curves are as follows:
(1) Indifference Curves are Negatively Sloped:
(2) Higher Indifference Curve Represents Higher Level:
(3) Indifference Curve are Convex to the Origin:
(4) Indifference Curve Cannot Intersect Each Other
hope u got it
(1) Indifference Curves are Negatively Sloped:
(2) Higher Indifference Curve Represents Higher Level:
(3) Indifference Curve are Convex to the Origin:
(4) Indifference Curve Cannot Intersect Each Other
hope u got it
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