features of indifference curve class 11
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1 Two indifference curve never intersect each other
2 Indifference curves are based on the law of diminishing marginal utility
3 Indifference are convex to the origin
4 Indifference curves slope downward from left to right
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Characteristics of Indifference Curves
Indifference curves slop downward to the right. ...
Every indifference curve to the right represents a higher level of satisfaction. ...
Indifference curves cannot intersect each other. ...
Indifference curve will not touch the axis. ...
Indifference curves are convex to the origin.
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