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This is because the intersection would be impossible. If they crossed then they would have the same utility rather than being two different curves.
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What are characteristics of an indifference curve?
indifferent curves are convex to their origin, they do not intersect, and have a negative slope
Can two indifference curve have the same utility?
indifference curve is the loci of points, where each represents a combination of goods in different ratios but gives equal amount of satisfaction. indifference curves help us to know which combinations of goods give us equal satisfaction and which increase it. they dont intersect eachother thus its not possible for two indifference curves to have the same level of satisfaction.
Why indifference curves cannot intersect each other?
ntersection of two indifference curves representing different levels of satisfaction is a logical contradiction. It would mean that indifference curves representing different levels of satisfaction are showing the same level of satisfaction at the point of intersection or contact. We can prove this property of indifference curves through contradiction. Suppose, two indifference curves IC1 and 1C2 meet (Fig (a)), intersect (Fig. (b)) or touch (Fig. (c)) each other at point 'A' in Fig. Point 'C' is taken just above point 'B', such that it contains same amount of commodity 'X' and more amount of commodity' Y'. Consider points 'B' and 'A' on IC1. Consumer is indifferent between these points, as both lie on the same indifference curve IC. Further, points 'A' and 'C lie on the same indifference curve IC implying same level of satisfaction to the consumer. Now, by the assumption of transitivity, points 'B' and 'C' yield same level of satisfaction to the consumer. But, point 'C' lies on a higher indifference curve having more amount of commodity' Y'. It must be preferred to point 'B' by the assumption of non-satiety. Further, intersection of two indifference curves also violates the assumption of positive marginal utilities of the two commodity. In Fig., intersection of IC1 and IC2 means additional amount of BC has zero utility. Therefore, indifference curves can never intersect or touch each other.
What are indifference curves explain it using a graph?
o Indifference curves are curves that have a negative slope and are bowed inward. Each point on the line has the same exact util value. In other words, a person would be the same amount of "happy" at each point on the indifference curve. There are an infinite amount of indifference curves on every graph. G2
Is it possible to have thick indifference curves?
Indifference curves are not supposed to have any thickness to them at all. It would not be rational if an indifference curve had thickness to it. It is supposed to look like a really thin pancake with only one side.
What are characteristics of an indifference curve?
indifferent curves are convex to their origin, they do not intersect, and have a negative slope
Can two indifference curve have the same utility?
indifference curve is the loci of points, where each represents a combination of goods in different ratios but gives equal amount of satisfaction. indifference curves help us to know which combinations of goods give us equal satisfaction and which increase it. they dont intersect eachother thus its not possible for two indifference curves to have the same level of satisfaction.
Why indifference curves cannot intersect each other?
ntersection of two indifference curves representing different levels of satisfaction is a logical contradiction. It would mean that indifference curves representing different levels of satisfaction are showing the same level of satisfaction at the point of intersection or contact. We can prove this property of indifference curves through contradiction. Suppose, two indifference curves IC1 and 1C2 meet (Fig (a)), intersect (Fig. (b)) or touch (Fig. (c)) each other at point 'A' in Fig. Point 'C' is taken just above point 'B', such that it contains same amount of commodity 'X' and more amount of commodity' Y'. Consider points 'B' and 'A' on IC1. Consumer is indifferent between these points, as both lie on the same indifference curve IC. Further, points 'A' and 'C lie on the same indifference curve IC implying same level of satisfaction to the consumer. Now, by the assumption of transitivity, points 'B' and 'C' yield same level of satisfaction to the consumer. But, point 'C' lies on a higher indifference curve having more amount of commodity' Y'. It must be preferred to point 'B' by the assumption of non-satiety. Further, intersection of two indifference curves also violates the assumption of positive marginal utilities of the two commodity. In Fig., intersection of IC1 and IC2 means additional amount of BC has zero utility. Therefore, indifference curves can never intersect or touch each other.
Slope of indifference curve?
indifference curves slopes downward to the right
What are indifference curves explain it using a graph?
o Indifference curves are curves that have a negative slope and are bowed inward. Each point on the line has the same exact util value. In other words, a person would be the same amount of "happy" at each point on the indifference curve. There are an infinite amount of indifference curves on every graph. G2
Is it possible to have thick indifference curves?
Indifference curves are not supposed to have any thickness to them at all. It would not be rational if an indifference curve had thickness to it. It is supposed to look like a really thin pancake with only one side.
What is the different between indifference map and indiffirence curve?
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.
Can indiffernt cuver cross?
Not at all sure about "indiffernt cuver" but indifference curves will not cross.
What is located at the point where the supply and demand curves intersect?
The equilibrium price.
What is point located at the supply and demand curves intersect?
The equilibrium price.
What figures intersect but are not perpendicular?
Any lines or curves that are mutually skew.Any lines or curves that are mutually skew.Any lines or curves that are mutually skew.Any lines or curves that are mutually skew.
Why does an indifference curve never meet?
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
