1) Downward sloping to the right: It is because when consumer decides to have more units of one of two goods, he will have to reduce the number of units of other good, if he is to remain on the same indifference curve.
2) Non-intersecting: Different IC has different utility. Here C situated in IC1 & IC2 and have same utility which is not possible.
3) Convexity: IC is convex to the origin and MRS is diminishing.
4) Higher indifference curve shows higher satisfaction.
0 Comments Here::
Post a Comment