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Durga Sai Kalyan

· started a discussion

· 1 Months ago

Doubt (Question:332342.0)

Answer may be 4

Question:

Which of the following is not a characteristic of Indifference Curves?

Options:
A)

They are convex to the origin

B)

They slope downwards from left to right

C)

They can never intersect each other

D)

They can touch either axis

Solution:

Ans: (a)

Knowledge Expert

· commented

· 1 Months ago

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:

Yes you are right
Indifference curves are convex to the origin, its true according to the property number two.
Thus it is a characteristic
and it's not an answer
The correct answer is option(d)
regards
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