Question

Two indifference curves cannot cut each other because of which of the 2 following?* O They represent those combinations of two goods that give the same satisfaction. O The slope is downwards. O Each indifference curve represents a different level of satisfaction. O They are convex to origin.​

Answer 1

Explanation:

graph showing a combination of two goods that give a consumer equal utility and satisfaction is known as an indifference curve.

Indifference curves are used in microeconomic studies in order to study consumer preferences. Each point in the indifference curve shows that a consumer is indifferent towards the two products as each of them give them the same utility.

Following are some of the indifference curve multiple choice questions and answers that will help the students in brushing up their understanding of the concept of the indifference curve.