Q. Which one of the following is not a feature of Indifference Curve?
✅ Correct Answer: (D)
They are concave to each other
Explanation: Indifference curves are usually convex to the origin. In other words, the indifference curve is relatively flatter in its right-hand portion and relatively steeper in its left-hand portion. The degree of convexity of an indifference curve depends on the rate of fall in the marginal rate of substitution.
Explanation by: Team MCQ Buddy
Indifference curves are usually convex to the origin. In other words, the indifference curve is relatively flatter in its right-hand portion and relatively steeper in its left-hand portion. The degree of convexity of an indifference curve depends on the rate of fall in the marginal rate of substitution.