1.it is convex to the origin
2.they can not intersect each other
3.they dnt need to be parallel to each other
4. they can't touch the axis
5.they are negativley sloped
The three major characteristics of an indifference curve are: 1. They are negatively sloped 2. They are convex to the origin 3. Indifference curve cannot be intersected
1) Concave down. 2) Always decreasing. 3) Represents a fixed utility value (and therefore can never intersect another indifference curve). 4) Is considered equally optimal any where on the curve. 5) The lower the indifference curve is, the less optimal it is. The optimal indifference curve is the one furthest away from the origin.
indifferent curves are convex to their origin, they do not intersect, and have a negative slope
Indifference curve is a curve that shows consumption bundles that give the consumer the same level of satisfaction. Indifference map, on the other hand Indifference curve is a graph of two or more indifference curves.
two indifference curve never cut each other..
The three major characteristics of an indifference curve are: 1. They are negatively sloped 2. They are convex to the origin 3. Indifference curve cannot be intersected
1) Concave down. 2) Always decreasing. 3) Represents a fixed utility value (and therefore can never intersect another indifference curve). 4) Is considered equally optimal any where on the curve. 5) The lower the indifference curve is, the less optimal it is. The optimal indifference curve is the one furthest away from the origin.
indifferent curves are convex to their origin, they do not intersect, and have a negative slope
Indifference curve is a curve that shows consumption bundles that give the consumer the same level of satisfaction. Indifference map, on the other hand Indifference curve is a graph of two or more indifference curves.
two indifference curve never cut each other..
what will be the shape of indifference curve if one of the two goods is a free commodity
a single indifference curve cannot cross itself.
Explain the consumer equilibrium with the help of indifference curve?
the indifference curve has its usual negatively sloping shape
Yes. The height of an indifference curve is the marginal rate of substitution.
indifference curves slopes downward to the right
No indifference curve can intersect because all points on indifference curve are ranked equally prefered and ranked either or less more prefered than every other point on the curve.rt