WebIf the two indifference curves crossed, they would have a common point, say A. 'A' has the same utility as any of the points on curve 1 and curve 2. But this cannot be true, as … WebMay 29, 2024 · Answer : Two regular convex to origin indifference curves can intersect each other. This statement is not true because indifference curves can never intersect. An …

Indifference Curve Analysis - WikiEducator

WebCan an indifference curve cross itself? For example, could Figure 3.2 depict a single indifference curve? Note: figure 3.2 is uploaded in jpg format. ... The properties of indifference curves can be described as : a. Lower indifference curves are less preferred than the higher indifference curves. b. Indifference curves are downward sloping. WebNov 18, 2024 · Solution: Yes, an indifference curve can cross itself only in the case of assumption where the consumer preference violates the monotone preference assumption but it just the indifference curve cannot cross the another new higher or lower level indifference curve because every indifference curve shows the consumer different … crystal stores jhb

Can An Indifference Curve Cross Itself? - FAQS Clear

WebMay 31, 2024 · No, an indifference curve can’t cross itself. All the points on an indifference curve represent the same level of utility by consuming two goods…. Do … WebYes, it can. There is actually an indifference curve in every single point in this coordinate system. This is just not so important, we are interested in the indifference curve which … WebYes, though only with preferences that violate the monotone preference assumption (which is quite common in economics). Preferences are usually assumed to at least satisfy local … crystal store slc