Discussion :: Physics
- Which one of the following is not a feature of Indifference Curve?
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A.
They do not intersect each other |
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B.
They slope downwards to the right |
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C.
They are parallel to each other |
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D.
They are concave to each other |
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Answer : Option D
Explanation :
Indifference curves are usually convex to the origin. In other words, the indifference curve is relatively flatter in its right-hand portion and relatively steeper in its left-hand portion. The degree of convexity of an indifference curve depends on the rate of fall in the marginal rate of substitution.
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