1.

Consider the following statements about indifference curves:_x005F_x000D_ 1. Indifference curves are convex to the origin._x005F_x000D_ 2. Higher indifference curve represents higher level of satisfaction._x005F_x000D_ 3. Two indifference curves cut each other.Which of the statements given above is/are correct?

A. 1 only
B. 1 and 2
C. 2 and 3
D. 3 only
Answer» C. 2 and 3


Discussion

No Comment Found