MCQOPTIONS
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| 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 | |