Indifference curves relating to supply of labour have a number of properties some of which are…
Standard indifference curves between income and leisure in labour supply analysis are downward sloping (a), higher curves represent higher utility (d), they do not intersect…
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Indifference curves relating to supply of labour have a number of properties some of which are mentioned below:
- Indifference curves are downward slopping.
- Indifference curves are upward slopping.
- Higher indifference curves indicate lower levels of utility
- Higher indifference curves indicate higher levels of utility
- Indifference curves do not intersect
- Indifference curves intersect
- Indifference curves are concave to the origin
- Indifference curves are convex to the origin
Which among the following properties are not true?
Answer and explanation
Correct answer D
Standard indifference curves between income and leisure in labour supply analysis are downward sloping (a), higher curves represent higher utility (d), they do not intersect (e), and they are convex to the origin (h). Therefore, the properties that are NOT true are (b) upward sloping, (c) higher curves indicate lower utility, (f) indifference curves intersect, and (g) concave to the origin — i.e., '(b), (c), (f), (g)'.
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UGC NET HRM / Labour Welfare and Industrial Relations