Which of the following is not the property of indifference curves ?
Concavity to the origin is not a standard property of indifference curves. With diminishing marginal substitution, ordinary indifference curves are convex to the origin.…
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Which of the following is not the property of indifference curves ?
Answer and explanation
Correct answer B
Concavity to the origin is not a standard property of indifference curves. With diminishing marginal substitution, ordinary indifference curves are convex to the origin. They slope downwards, represent equal utility and do not intersect one another.
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Karnataka SET (KSET)