properties of indifferent curve
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Explanation:
Property I. Indifference curves slope downward to the right.
Property II: Indifference curves are convex to the origin.
Property III: Indifference curves cannot intersect each other.
Property IV: A higher indifference curverepresents a higher level of satisfaction than a lower indifference curve:
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Answer:
4 Important Properties of Indifference Curve (with curve diagram)
Property I. Indifference curves slope downward to the right: ...
Property II: Indifference curves are convex to the origin: ...
Property III: Indifference curves cannot intersect each other: ...
Property IV: A higher indifference curve represents a higher level of satisfaction than a lower indifference curve:
Explanation:
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