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Why does two indifference curve not meet each other? Can u explain?
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Why does two indifference curve not meet each other? Can u explain?
Two indifference curves intersecting at point A. We know from the definition of an indifference curve that a consumer has the same level of utility along any given curve. In this case, the consumer is indifferent between bundles A and B because they both lie on indifference curve U 1. Similarly, the consumer is indifferent between bundles A and C because they both lie on indifference curve U2. By the transitivity of preferences this consumer should also be indifferent between C and B. However, we see from the graph that C lies above B, so C must be preferredto B. Thus, the fact that indifference curves cannot intersect is proven.
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Why does two indifference curve not meet each other? Can u explain?
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Why does two indifference curve not meet each other? Can u explain? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Why does two indifference curve not meet each other? Can u explain? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why does two indifference curve not meet each other? Can u explain?.
Why does two indifference curve not meet each other? Can u explain? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Why does two indifference curve not meet each other? Can u explain? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why does two indifference curve not meet each other? Can u explain?.
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