what is indifference curve property
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The four properties of indifference curves are: (1) indifference curves can never cross,
(2) the farther out an indifference curve lies, the higher the utility it indicates
, (3) indifference curves always slope downwards, and (4) indifference curves are convex.
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Answered by
1
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The four properties of indifference curves are: (1) indifference curves can never cross, (2) the farther out an indifference curve lies, the higher the utility it indicates, (3) indifference curves always slope downwards, and (4) indifference curves are convex.
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