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Which of these is not a property of indi...

Which of these is not a property of indifference curve ?

A

Indifference curve slopes downards

B

Indifference curve is concave downwards

C

Two indifference curves cannot intersect each other

D

Higher indifference curve represents higher level of satisfaction

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The correct Answer is:
B
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Properties Of Indifference Curve

Knowledge Check

  • An indifference curve is

    A
    convex to the origin
    B
    concave to the origin
    C
    a straight line curve
    D
    none of these

  • Indifference curves are :

    A
    Concace to the origin.
    B
    Convex to the origin
    C
    Upwards sloping straight line passing from the origin
    D
    None of these

  • Which of the following options is a property of an indifference curve ?

    A
    It is convex to the origin.
    B
    The marginal rate of substitution is constant as you move along and indifference curve.
    C
    Marginal utility is constant as you move along an indifference curve .
    D
    Total utility is the greatest where the 45 degrees line cuts the indifference curve.
    • SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Revision Exercise
    1. Which of these is not a property of indifference curve ?

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    2. Indifference curves are convex to the origin because of:

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    3. The necessary conditions under utility approach to attain consumer's e...

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    4. When we add up utility derived from consumption of all the units of th...

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    5. Marginal Utility (MU) in terms of money is equl to:

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    6. According to the Law of diminishing marginal utility, satisfaction obt...

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    7. Indifference Map refers to:

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    8. Budget set inculdes:

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    9. Indifference curves are :

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    10. Which of these is a conditions for consumer's equilibrium by indiffere...

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    11. If (MU(X))/(P(X)) gt (MU(Y))/(P(Y)), then to reach the equilbrium posi...

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    12. If the consumption of an additional unit of a commodity casues no chan...

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    13. An indifference curve is best described as a series of points which sh...

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    14. Total Utility is at the point of satiety:

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    15. Marginal Utility (MU) of n^(th) unit is calculated as:

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    16. In case of single commodity, consumer's equilibrium is achieved when:

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    17. measures the slope of indifference curve.

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    18. In the following diagram of budget line, point ''D'' represents :

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    19. How is TU derived from MU ?

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    20. What happends to MU when TU is maximum ?

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